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In 1997 two papers new applying the metaheuristics Tabu Search (TS) and Heuristic Concentration (HC) tothe p-median problem were published in consecutive volumes of the European Journal of OperationalResearch. Here we apply the method of HC some of the data sets which were used for...
Persistent link: https://www.econbiz.de/10010337322
In this paper we discuss a locational model with a profit-maximizing objective. The model can be illustrated by the followingsituation. There is a set of potential customers in a given region. A firm enters the market and wants to sell a certainproduct to this set of customers. The location and...
Persistent link: https://www.econbiz.de/10010232858
We examine recent claims that a particular Q-learning algorithm used by competitors 'autonomously' and systematically learns to collude, resulting in supracompetitive prices and extra profits for the firms sustained by collusive equilibria. A detailed analysis of the inner workings of this...
Persistent link: https://www.econbiz.de/10013375353
Wetlands all over the world have been lost or are threatened in spite of various international agreements and national policies. This is caused by: (1) the public nature of many wetlands products and services; (2) user externalities imposed on other stakeholders; and (3) policy intervention...
Persistent link: https://www.econbiz.de/10011284097
This article analyzes the role of suggested prices in the Dutch retail market for gasoline. Suggested prices are announced by large oil companies with the suggestion that retailers follow them. There are at least two competing rationales for the existence of suggested prices: they may either...
Persistent link: https://www.econbiz.de/10011377385
profits of the cooperative market outcome and follow acooperative pricing strategy in the market game resulting in high prices. …
Persistent link: https://www.econbiz.de/10011333269
test these predictions in a laboratory experiment where subjects can form cartels, which allows them to discuss pricing at …
Persistent link: https://www.econbiz.de/10015211665
In the last decade, many European countries have seen a sharp increase in the number of automated fueling stations. We study the effect of this process innovation on prices at stations that are automated and their competitors using a difference-in-differences matching strategy. Our estimates...
Persistent link: https://www.econbiz.de/10011648312
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