Economic Coordination , Bundled Goods , andthe
نویسنده
چکیده
The allocation of a set of resources to a set of agents is studied. The agents may express preferences for complementary use of goods. It is assumed that the agents are self-interested. A procedure to compute fair, competitive prices is suggested. The prices may be used to elicit honest preference. This allows to solve the allocation problem optimally in most cases. Finally, the applicability of the approach is discussed.
منابع مشابه
Active Learning for Clustering Bundled Data∗
Bundling is an important tool in marketing and economics. In this paper we consider the relationship between bundling and clustering. In particular, we consider the problem of clustering customers based on valuations of products where their valuations may only be known for bundles of goods and not item by item. This can arise from sales data of bundled goods. It can also arise in survey data wh...
متن کاملCheap Talk and Burned Money
W e augmentthe standard Crawford-Sobel(Econometrica 1 982) modelofcheap talkcommunication byallowingthe informed party tousebothcostlessandcostlymessages.Theissuesonwhichwefocus aretheconsequences forcheap talksignalingoftheoption tousea costlysignal(\ burnedmoney");thecircumstances underwhichboth cheap talkandburnedmoneyareusedtosignalinformation;andthe extenttowhichburningmoneyis thepreferred...
متن کاملThe Market for Intellectual Property: the Case of Complementary Oligopoly
This paper applies a model of complementary oligopoly and anticommons pricing to the market for intellectual property rights. Our model evidences the interesting and often overlooked result that, in the market for complementary goods price coordination and monopolistic pricing do not necessarily represent inefficient equilibria, when compared to the alternative Nash equilibrium. Due to the pecu...
متن کاملElectronic Markets
Before setting up a working definition of an electronic market (EM), let us look at the functions of markets in our economic system. According to traditional market market situation, branch or technological trends will be useful. This phase results in a list of potential partners in the market and their offer and/or demand. Phase 2: Trading. As soon as all information has been evaluated, we can...
متن کاملCoordination of a Cyclic Three-stage Supply Chain for Fast Moving Consumer Goods
We focus on a three-stage supply chain problem for fast moving consumer goods including a supplier, a manufacturer and customers. There are different orders over identical cycles, to be processed in production site. The problem is to find a joint cyclic schedule of raw material procurement and job scheduling minimized the total cost comprised of raw material ordering cost and holding cost, prod...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 1999