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Persistent link: https://www.econbiz.de/10005281483
We allow a contest organizer to bias a contest in a discriminatory way, that is, she can favor specific contestants through the choice of contest success functions in order to maximize total equilibrium effort (resp. revenue). The scope for revenue enhancement through biasing is analyzed and...
Persistent link: https://www.econbiz.de/10013110531
We allow a contest organizer to bias a contest in a discriminatory way; i.e., she can favor specific contestants by designing the contest rule in order to maximize total equilibrium effort (resp. revenue). The two predominant contest regimes are considered, all-pay auctions and lottery contests....
Persistent link: https://www.econbiz.de/10010338417
While single-level Nash equilibrium problems are quite well understood nowadays, less is known about multi-leader multi-follower games. However, these have important applications, e.g., in the analysis of electricity and gas markets, where often a limited number of firms interacts on various...
Persistent link: https://www.econbiz.de/10012827778
This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on...
Persistent link: https://www.econbiz.de/10014401649
Several researchers have decomposed sales promotion elasticities based on household scanner panel data.A key result is that the majority of the sales promotion elasticity, about 74 percent on average, is attributed to secondary demand effects (brand switching) and the remainder to primary demand...
Persistent link: https://www.econbiz.de/10011090873
Persistent link: https://www.econbiz.de/10001708232
The k-secretary problem deals with online selection of at most k numerically scored \fe{applicants}, where selection decisions are immediate upon their arrival and irrevocable, with the goal of maximizing total score. There is, however, wide prevalence of bias in evaluations of applicants from...
Persistent link: https://www.econbiz.de/10014104508
OBJECTIVE: To assess the receiver operating curves (ROCs) for counseling in the management of common childhood diseases comparing direct observations with exit interviews. DESIGN: Eight thousand six hundred and fifty-nine randomly selected new outpatient consultations of sick children under 5...
Persistent link: https://www.econbiz.de/10012562100
We study a multi-period, multi-item dynamic pricing problem faced by a retailer. The objective is to maximize the total profit by choosing prices, while satisfying several business rules. The strength of our work lies in our graphical model reformulation, which allows us to use ideas from...
Persistent link: https://www.econbiz.de/10012855556