Posted prices versus bargaining in markets 1 ppt
Posted prices versus bargaining in markets_1 ppt
... we have H(x) = [v 1 (x 1 , 1) − x 1 ] + [1 − v 1 (x 1 , 1) − v 2 (1 −v 1 (x 1 , 1) , 1) ]. Since v 1 (x 1 , 1) is nondecreasing in x 1 , both terms are decreasing in x 1 by A6. Thus H has a unique ... 37 a ✏ ✏ ✏ ✏ ✏ ✏ ✏ ✏ ✏ ✏ ✏ ✏ ✁ ✁ ✁ ✁ ✁ ✁ ✁ ✁ ✁ ✁ ✁ ✁ r 0 01 ↑ y 1 y 2 ↓ ← x 2 1 x ∗ 1 y ∗ 1 x 1 → y 1 = δ 1 x 1 x 2 =...
Ngày tải lên: 22/06/2014, 12:20
Posted prices versus bargaining in markets_3 pdf
... x ∗ 1 − c 1 x 1 ≥ 1 − c 1 x 1 ≥ 0 belief π H 1 0 2 H prop os es (x ∗ 1 − c 1 , x ∗ 2 + c 1 ) (1 − c 1 , c 1 ) (0, 1) accepts x 1 ≤ x ∗ 1 + c H − c 1 x 1 ≤ 1 x 1 ≤ c H 2 L proposes (x ∗ 1 − c 1 , ... (x ∗ 1 − c H , x ∗ 2 + c H ) (1 − c 1 , c 1 ) (0, 1) accepts x 1 ≤ x ∗ 1 x 1 ≤ 1 x 1 ≤ c H 2 L proposes (x ∗ 1 − c H , x ∗ 2 + c H )...
Ngày tải lên: 22/06/2014, 12:20
Posted prices versus bargaining in markets_5 pdf
... N r ✟ ✟ ✟ ✟ ✟ ✟ ✟ ✟ ✟ ✟ ✟ ✟ ✓ ✓ ✓ ✓ ✓ ✓ ❙ ❙ ❙ ❙ ❙ ❙ ❍ ❍ ❍ ❍ ❍ ❍ ❍ ❍ ❍ ❍ ❍ ❍ (1 − α) (1 − β) α (1 − β) β (1 − α) αβ S and B continue bargaining S starts bargaining with a new buyer; B remains unmatched B starts bargaining with a new buyer; S remains unmatched Both ... 0 1 , and that when the seller chooses continue is e 1 e 2 e 3 e 4 e 1 1 − α α/2 α/2 0 e 2 (1...
Ngày tải lên: 22/06/2014, 12:20
Posted prices versus bargaining in markets_7 pdf
... that m s ≥ 1/ 2+δm b /[2 (1 δ)] = 1/ 2+δ/[2(4−3δ)] = M s . Finally, we have M b ≤ 1 −m b − m s = (1 −δ)/(4 − 3δ) = m b . 10 .3 Market Equilibrium 19 1 What remains to be specified is the information ... Trading Procedure 9 .1 Introduction In this chapter we focus on the role of the trading procedure in determining the outcome of trade. The models of markets in the previous thre...
Ngày tải lên: 22/06/2014, 12:20
Posted prices versus bargaining in markets_8 docx
... 11 4 connection with bargaining game, 11 5 efficient, 11 5 minimal inefficiency, 11 7 mechanism design, 11 3 11 8 aims, 11 3 buyer-seller bargaining, 11 3 IC, 11 4 IR, 11 4 IR ∗ , 11 6 mechanism, 11 4 SY, 11 7 m i , ... References Econometrica 50, 97 10 9. [49, 65] Rubinstein, A. (19 85a), “A Bargaining Model with I ncomplete Information about Time Preferences”, Econometrica 53,...
Ngày tải lên: 22/06/2014, 12:20
Tài liệu Module 1: Introduction to Active Directory in Windows 2000 pptx
... Methods for Administering a Windows 2000 Network 19 Review 24 Module 1: Introduction to Active Directory in Windows 2000 Module 1: Introduction to Active Directory in Windows 2000 9 ... appropriate individuals within an organization. 16 Module 1: Introduction to Active Directory in Windows 2000 Domain Controllers Domain Controller Domain Controller Domain Domai...
Ngày tải lên: 10/12/2013, 16:15
Tài liệu PRIVATE ENTREPRENEURS IN CHINA AND VIETNAM PART 2-1 ppt
... 25.8 10 31. 3 13 16 .1 51- 100 16 18 .0 6 18 .7 7 8.6 10 1-200 6 6.7 3 9.4 3 3.7 2 01- 500 2 2.3 1 3 .1 1 1. 2 5 01- 1.000 0 0.0 1 3 .1 0 0.0 1. 0 01- 2.000 0 0.0 0 0.0 0 0.0 No answer 7 7.9 1 3 .1 2 2.5 ... China) Hangzhou Luohe Baiyin Number of staff Number % Number % Number % 8-20 12 17 .9 13 21. 7 20 41. 7 21- 50 16 23.9 19 31. 7 14 29.2 51- 100 1...
Ngày tải lên: 15/12/2013, 06:15
Tài liệu Modifying Rows in a DataTable phần 1 ppt
... one wins" concurrency. To use optimistic concurrency, you have to do the following in your UPDATE or DELETE statement's WHERE clause: 1. Include all the columns used in the original ... are shown in Table 11 .9 . Table 11 .9: DataRowVersion ENUMERATION MEMBERS CONSTANT DESCRIPTION Current The current column value. Default The default column value. Original The origin...
Ngày tải lên: 24/12/2013, 01:17
Tài liệu MERGERS AND ACQUISITIONS IN BANKING AND FINANCE PART 1 ppt
... Banking Holding Companies 23.6 18 .2 41. Banks in U.S. Affiliated Areas 10 .0 6.6 16 . Savings Institutions 7.4 13 .8 42. Savings Institutions 42.8 35.5 17 . Credit Unions 1. 5 2.0 43. Credit Unions 41. 5 ... Sectors 11 31. 5 11 06.2 30. Nonfinancial Corporate Business 11 .5 2.2 5. Household Sectors 611 .8 756.9 31. Nonfarm noncorporate Business 2.0 0.9 6. Nonfinancial Corporate Bus...
Ngày tải lên: 21/01/2014, 12:20
Tài liệu Báo cáo khoa học: Lipopolysaccharide-evoked activation of p38 and JNK leads to an increase in ICAM-1 expression in Schwann cells of sciatic nerves ppt
... MAPKs in LPS-induced ICAM -1 synthesis Using U 012 6 (an MEK1⁄ 2 inhibitor), SB20 219 0 (a p38 MAPK inhibitor) and SP60 012 5 (an SAPK ⁄ JNK specific inhibitor), the roles of MAPKs in LPS- induced ICAM -1 ... Fondren G (19 90) Intercellu- lar adhesion molecule -1 (ICAM -1) in cellular immune reactions in the human central nervous system. Am J Pathol 13 6, 13 09 13 16. 18 Constant...
Ngày tải lên: 18/02/2014, 18:20