Showing 691 - 700 of 706
We consider the single-item discrete lot-sizing and scheduling problem. We present a partial linear description of the convex hull of feasible solutions that solves this problem in the presence of Wagner-Whitin costs.
Persistent link: https://www.econbiz.de/10005670237
Consider a situation in which a company sells several different items to a set of customers. However, the company is not satisfied with the current pricing strategy and wishes to implement new prices for the items. Implementing these new prices in one single step mightnot be desirable, for...
Persistent link: https://www.econbiz.de/10005670238
We investigate the algorithmic performance of Vickrey-Clarke-Groves mechanisms in the single item case. We provide a formal definition of a Vickrey algorithm for this framework, and give a number of examples of Vickrey algorithms. We consider three performance criteria, one corresponding to a...
Persistent link: https://www.econbiz.de/10005670239
The paper addresses the following question: how efficient is the market system in allocating resources if trade takes place at some prices $p$ that are not necessarily competitive? Even though there are many partial answers to this question, an answer that stands comparison to the rigor by which...
Persistent link: https://www.econbiz.de/10005670240
We analyze whether noncooperative collusive equilibria are harder to sustain when individual demand levels are not fixed but are able to fluctuate. To do this, we extend a Bertrand type model of price competition to allow for fluctuating market shares when prices are equal. We find that, the...
Persistent link: https://www.econbiz.de/10005670241
We consider the problem of determining a set of optimal tariffs for an agent in a network, who owns a subset of the arcs of the network, and who wishes to maximize his revenues on this subset from a set of clients that make use of the network.The general variant of this problem is NP-hard,...
Persistent link: https://www.econbiz.de/10005670242
We consider the well-known result of Arrow (1953) that the set of equilibria of an economy with complete markets coincides with the one of an economy with sequentially complete markets. We show by means of two examples that this results is problematic when there exist multiple equilibrium...
Persistent link: https://www.econbiz.de/10005670243
This paper presents a formal epistemic framework for dynamic games in which players, during the course of the game, may revise their beliefs about the opponents'' utility functions. We impose three key conditions upon the players'' beliefs: (a) throughout the game, every move by the opponent...
Persistent link: https://www.econbiz.de/10005670244
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
We revisit n-player coordination games with Pareto-ranked Nash equilibria. The novelty is that we introduce fuzzy play and a matching device, where each player does not choose which pure strategy to play, but instead chooses a nonempty subset of his strategy set that he submits to the matching...
Persistent link: https://www.econbiz.de/10005670246