Search Results - subject:"combinatorial"

Payments under the Average Crop Revenue Program: Implications for Government Costs and Producer Preferences

Cooper, Joseph C. - In: Agricultural and Resource Economics Review 38 (2009) 1

This paper develops a stochastic model for comparing payments to U.S. corn producers under the U.S. Senateâ€™s Average Crop Revenue Program (ACR) versus payments under the price-based marketing loan benefit and countercyclical payment programs. Using this model, the paper examines the...

Persistent link: https://www.econbiz.de/10004979489

Disruption Management of Rolling Stock in Passenger Railway Transportation

Nielsen, Nielsen, L.K.; Maróti, Maróti, G. - Erasmus Research Institute of Management (ERIM), … - 2009

combinatorial decision problem where the uncertainty of a disruption is modeled by a sequence of information updates. To decompose …

Persistent link: https://www.econbiz.de/10011122694

Ascending auctions: some impossibility results and their resolutions with final price discounts

Lamy, Laurent - HAL - 2009

When bidders are not substitutes, we show that there is no standard ascend-ing auction that implements a bidder-optimal competitive equilibrium under truthful bidding. Such an impossibility holds also in environments where the Vickrey payoff vector is a competitive equilibrium payoff and is thus...

Persistent link: https://www.econbiz.de/10010738984

A New Payment Rule for Core-Selecting Package Auctions

Klemperer, Paul; Erdil, Aytek - Department of Economics, Oxford University - 2009

We propose a new, easy-to-implement, class of payment rules, "Reference Rules", to make core-selecting package auctions more robust. Small, almost-riskless, profitable deviations from "truthful bidding" are often easy for bidders to find under currently-used payment rules. Reference Rules...

Persistent link: https://www.econbiz.de/10011004137

Spectrum Auction Design

Cramton, Peter - University of Maryland, Department of Economics - Peter … - 2009

Spectrum auctions are used by governments to assign and price licenses for wireless communications. The standard approach is the simultaneous ascending auction, in which many related lots are auctioned simultaneously in a sequence of rounds. I analyze the strengths and weaknesses of the approach...

Persistent link: https://www.econbiz.de/10004997818

Auctioning the Digital Dividend

Cramton, Peter - University of Maryland, Department of Economics - Peter … - 2009

I begin by describing some of the problems of the simultaneous ascending auction. Then I present the package clock auction, which retains the benefits, while addressing the weaknesses, of the simultaneous ascending auction. I emphasize two essential elements of the package clock auction: the...

Persistent link: https://www.econbiz.de/10004997826

Do Combinatorial Procurement Auctions Lower Cost? - An Empirical Analysis of Public Procurement of Multiple Contracts

Lunander, Anders; Lundberg, Sofia - Institutionen för Nationalekonomi, Umeå Universitet - 2009

Combinatorial procurement auctions are desirable as they enable bidding firms to pass their potential cost synergies on …, an assessment of the benefits of the combinatorial mechanism, based on the observed package discounts, is likely to … inflate their stand alone bids in the combinatorial auctions compared to their corresponding bids in standard first …

Persistent link: https://www.econbiz.de/10005042214

ACRE: A Revenue-Based Alternative to Price-Based Commodity Payment Programs

Cooper, Joseph C. - Agricultural and Applied Economics Association - AAEA - 2009

This paper develops a stochastic model for estimating the probability density function of the Average Crop Revenue Election (ACRE), a revenue-based commodity support payment that is offered under the 2008 Farm Act as an alternative to the traditional suite of price-based commodity payments, that...

Persistent link: https://www.econbiz.de/10005060395

Differential Evolution and Combinatorial Search for Constrained Index Tracking

Krink, Thiemo; Mittnik, Stefan; Paterlini, Sandra - Dipartimento di Economia "Marco Biagi", Università … - 2009

. The former is a combinatorial, the latter a continuous numerical problem. Both problems need to be addressed … Differential Evolution (DE) and on combinatorial search. The main advantage of our method is that it can tackle index tracking …

Persistent link: https://www.econbiz.de/10005245057

Virtual Power Plant Auctions

Cramton, Peter; Ausubel, Lawrence M. - University of Maryland, Department of Economics - Peter … - 2009

Since their advent in 2001, virtual power plant (VPP) auctions have been implemented widely. In this paper, we describe the simultaneous ascending-clock auction format that has been used for virtually all VPP auctions to date, elaborating on other design choices that most VPP auctions have had...

Persistent link: https://www.econbiz.de/10008620573