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Persistent link: https://www.econbiz.de/10009452491
: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than … efficiency, the social planner tries to choose the partition rule-a rule dictating how type space is partitioned to group bidders … who submit the same bid together-to maximize efficiency. With the efficient partition rule, we implement bid levels with …
Persistent link: https://www.econbiz.de/10009450772
. The paper demonstrates that both economic efficiency and effectiveness of public expenditures can be increased, if a menu … of combinations of farming practices and payments are offered. However, there is a trade-off between efficiency and … in wheat production, illustrates that efficiency and effectiveness gains can be substantial. Furthermore, it is shown …
Persistent link: https://www.econbiz.de/10009443669
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...
Persistent link: https://www.econbiz.de/10009432547
In der Dissertation wird das Design eines Systems mit Flächenausweisungszertifikaten vorgestellt und mit empirischen Daten evaluiert, die im Rahmen eines Feldexperiments mit kommunalen Entscheidungsträgern erhoben wurden. Die Ergebnisse zeigen wie ein solches Handelssystem für...
Persistent link: https://www.econbiz.de/10009434523
Three years after the controversial change of the British market design from compulsory Pool with capacity payments to decentralised energy-only New Electricity Trading Arrangements (NETA) market framework, we compare the two designs in terms of investment incentives. We review the biases of the...
Persistent link: https://www.econbiz.de/10009441994
Market design is the development of mechanisms that improve market efficiency and build on an understanding of the …
Persistent link: https://www.econbiz.de/10009450803
Well-defined interfaces and standardization allow for the composition of single Web services into value-added complex services. Such complex Web Services are increasingly traded via agile marketplaces, facilitating flexible recombination of service modules to meet heterogeneous customer demands....
Persistent link: https://www.econbiz.de/10009434447
The fundamental paradigm shift from traditional value chains to agile service value networks (SVN) implies new economic and organizational challenges. This work provides an auction-based coordination mechanism that enables the allocation and pricing of service compositions in SVNs. The mechanism...
Persistent link: https://www.econbiz.de/10009434633
Game theoretic modeling involves making assumptions on agents' infinite hierarchies of beliefs. These assumptions are understood to be only approximately satisfied in the actual situation. Thus, the significance of game theoretic predictions depend on robustness properties of the solution...
Persistent link: https://www.econbiz.de/10009438697