ABSTRACT: We examine an environment where goods and privately informed buyers arrive stochastically to a market. A seller in this setting faces a sequential allocation problem with...
Our attention is focused on designing an optimal procurement mechanism which a buyer can use for procuring multiple units of a homogeneous item based on bids submitted by autonomou...
N. Hemachandra, Raghav Kumar Gautam, V. Hastagiri ...
Online reputation mechanisms need honest feedback to function effectively. Self interested agents report the truth only when explicit rewards offset the cost of reporting and th...
Abstract— We compare two alternative mechanisms for capping prices in two-settlement electricity markets. With sufficient lead time and competitive entry opportunities, forward ...
Jian Yao, Bert Willems, Shmuel S. Oren, Ilan Adler
Synaptic plasticity is believed to underlie the formation of appropriate patterns of connectivity that stabilize stimulus-selective reverberations in the cortex. Here we present a ...