This paper proposes a combination of trial-and-error congestion pricing schemes that have been studied in the … illustrate the application of the two-level iteration method to the trial-and-error congestion pricing scheme. …

theoretically convergent trial-and-error approach, and a practical trial-and-error approach, are developed. A numerical example is …

business model through trial and error and finally creates innovation. Practical implications – The paper emphasizes the …

the literature for the trial-and-error implementation of the marginal-cost pricing in the absence of a demand function … bisection method for the trial-and-error implementation of the tradable credit scheme proposed recently, which can emulate a …

Adaptive contracting is defined as a strategy in which a principal experiments - through trial-and-error - with the …

Technological progress is typically a result of trial-and-error research by competing firms. While some research paths …