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The Nearest Neighbor classifier has shown to be a powerful tool for multiclass classification. In this note we explore both theoretical properties and empirical behavior of a variant of such method, in which the Nearest Neighbor rule is applied after selecting a set of so-called prototypes,...
Persistent link: https://www.econbiz.de/10011202007
Consider a firm, called the buyer, that satisfies its demand over two periods by assigning both demands to a supplier via a second-price procurement auction; call this the Standard auction. In the hope of lowering its purchase cost, the firm is considering an alternative procedure in which it...
Persistent link: https://www.econbiz.de/10010709934
Revenue management (RM) enhances the revenues of a company by means of demand-management decisions. An RM system must take into account the possibility that a booking may be canceled, or that a booked customer may fail to show up at the time of service (no-show). We review the Passenger Name...
Persistent link: https://www.econbiz.de/10008483383
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The VCG mechanism has some nice properties if the agents-are-substitutes property holds.For example, for combinatorial auctions the property assures that the VCG mechanism is supported by a pricing equilibrium. The existence of such a pricing equilibrium is a necessary condition for the...
Persistent link: https://www.econbiz.de/10005304818
The Nearest Neighbor classifier has shown to be a powerful tool for multiclass classification. In this note we explore both theoretical properties and empirical behavior of a variant of such method, in which the Nearest Neighbor rule is applied after selecting a set of so-called prototypes,...
Persistent link: https://www.econbiz.de/10005209959
In this paper we analyze equilibria in competitive environments under constraints across players'' strategies. This means that the action taken by one player limits the possible choices of the other players. In this context the classical approach, Kakutani''s Fixed Point theorem, does not work....
Persistent link: https://www.econbiz.de/10005670245
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