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We consider an extension of the classical secretary problem where a decision maker observes only the relative ranks of a sequence of up to N applicants, whose true values are i.i.d. U[0,1] random variables. Applicants arrive according to a homogeneous Poisson Process, and the decision maker...
Persistent link: https://www.econbiz.de/10009450709
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
There is a long tradition within qualitative research of theory being central and of critical importance. Qualitative … research theory often equates with the methodologies used but this is a complex relationship, plagued by lack of consensus … among scholars regarding how theory and methodology are related. This article furthers the debates on how theories are used …
Persistent link: https://www.econbiz.de/10011076635