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Expandability, Reversibility, and Optimal Capacity Choice
Dixit, Avinash K. - 1998
We develop continuous-time models of capacity choice when demand fluctuates stochastically, and the firm's opportunities to expand or contract are limited. Specifically consider costs of investing or disinvesting that vary with time, or with the amount of capacity already installed. The firm's...
Persistent link: https://www.econbiz.de/10012472445
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Unhealthy Insurance Markets : Search Frictions and the Cost and Quality of Health Insurance
Cebul, Randall D. - 2008
We analyze the role of search frictions in the market for commercial health insurance. Frictions increase the cost of insurance by enabling insurers to set price above marginal cost, and by creating incentives for inefficiently high levels of marketing. Frictions also lead to price dispersion...
Persistent link: https://www.econbiz.de/10012464192
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Organizational Capacity and Profit Shifting
Bilicka, Katarzyna A.; Scur, Daniela - National Bureau of Economic Research - 2021
This paper analyses the effect of a firm's organizational capacity on the reported profitability of multinational enterprises (MNEs). Better organizational practices improve productivity and the potential taxable profits of firms. However, higher adoption of these practices may also enable more...
Persistent link: https://www.econbiz.de/10012629445
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The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry
Borenstein, Severin - 1997
In an unregulated electricity generation market, the degree to which generators in" different locations compete with one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission capacity on competition among" generators. We show that...
Persistent link: https://www.econbiz.de/10012472520
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Notes on the Economics of Energy Storage
Heal, Geoffrey - 2016
The increasing importance of intermittent renewable energy sources suggests a growing importance for energy storage as a way of smoothing the variable output. In this paper I investigate factors affecting the amount of energy storage needed, including the degree of intermittency and the...
Persistent link: https://www.econbiz.de/10012455928
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An Adaptive Nonlinear Least Square Algorithm
Dennis, John E. - 1977
NL2SOL is a modular program for solving the nonlinear least-squares problem that incorporates a number of novel features. It maintains a secant approximation S to the second-order part of the least-squares Hessian and adaptively decides when to use this approximation. We have found it very...
Persistent link: https://www.econbiz.de/10012478936
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A Conic Algorithm for the Group Minimization Problem
Simeone, Bruno - 1976
A new algorithm for the group minimization problem (GP) is proposed. The algorithm can be broadly described as follows …-known algorithm of Glover, and checked for non-negativity. The first non-negative point is an optimal solution of (GP). Advantages and … disadvantages of the algorithm are discussed; in particular, the implementation of the algorithm (which can be easily extended so as …
Persistent link: https://www.econbiz.de/10012478970
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Robust Non-Linear Regression Using The Dogleg Algorithm
Welsch, Roy E. - 1975
number of possible approaches to these problems and develops a particular algorithm based on the work of Powell and Dennis …
Persistent link: https://www.econbiz.de/10012479050
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Discrimination In The Age Of Algorithms
Kleinberg, Jon - 2019
The law forbids discrimination. But the ambiguity of human decision-making often makes it extraordinarily hard for the legal system to know whether anyone has actually discriminated. To understand how algorithms affect discrimination, we must therefore also understand how they affect the problem...
Persistent link: https://www.econbiz.de/10012479502
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An Economic Approach to Regulating Algorithms
Rambachan, Ashesh - 2020
objective function for the algorithm designer and a model of their information sets and interaction. We build such a model that … allows the training data to exhibit a wide range of "biases." Prevailing wisdom is that biased data change how the algorithm … is trained and whether an algorithm should be used at all. In contrast, we find two striking irrelevance results. First …
Persistent link: https://www.econbiz.de/10012481694