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We analyze nonlinear pricing with finite information. A seller offers a menu to a continuum of buyers with a continuum of possible valuations. The menu is limited to offering a finite number of choices representing a finite communication capacity between buyer and seller. We identify necessary...
Persistent link: https://www.econbiz.de/10011124281
We analyze a nonlinear pricing model with limited information. Each buyer can purchase a large variety, d, of goods. His preference for each good is represented by a scalar and his preference over d goods is represented by a d-dimensional vector. The type space of each buyer is given by a...
Persistent link: https://www.econbiz.de/10010895638
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Online Peer-to-Peer (P2P) lending marketplaces allow individuals to lend and borrow directly among each other without the mediation of a creditor bank institution. Prior literature has examined online P2P, but has largely been limited to the Western context. This paper thus explores how social...
Persistent link: https://www.econbiz.de/10011268561
Using data from surveys on “social quality survey questionnaires”, carried out by the Asian Consortium for Social Quality between 2009 and 2011, this study investigates the causes of social exclusion in six Asian societies. About 6,460 questionnaires were completed and the analysis of the...
Persistent link: https://www.econbiz.de/10010999434
This study first presents the series of peak ground acceleration (PGA) in the three major cities in Taiwan. The PGAs are back-calculated from an earthquake catalog with the use of ground motion models. The maximums of the 84th percentile (mean + one standard deviation) PGA since 1900 are 1.03,...
Persistent link: https://www.econbiz.de/10010996920
In this paper, we examine whether US exporters of agricultural commodities price to market. Specifically, we estimate the fixed-effects model of Knetter (1989; 1995), and alternative specifications based on the use of cost indices, and seasonal and vector error correction models that account for the...
Persistent link: https://www.econbiz.de/10005803353
We introduce a heterogeneous fractional Fokker–Planck equation (HFFPE) involving external force fields describing systems on heterogeneous fractal structure medium. The HFFPE is shown to obey generalized Einstein relation, and its stationary solution is the generalized Boltzmann distribution....
Persistent link: https://www.econbiz.de/10010588722
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