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A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10003848830
degree of complexity, which means that there is probably no exact optimization algorithm that works in economic Computing … such an algorithm is the Threshold Accepting Algorithm (TA). We implement TA for the optimal aggregation of price indices …. The algorithm and the resulting groupings are presented. The results show that the use of Standard or "official" modes of …
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A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10003832684
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