This paper develops a system dynamics model to analyze the impacts of different kinds of capacity payment as investment incentive mechanisms in Iranian electricity market. Since it is aimed that the incurred capital and operating costs of generation technologies be recovered in Iranian electricity pool, the noncompetitive capacity payment mechanism has been introduced for this purpose in order ...

For the social law synthesis problem, when the agents are rational in the sense of game theory and hold some information we need as private information, it naturally evolves into a setting that is perfectly addressed by the framework of algorithmic mechanism design. In this strategic setting, we are not only required to find out the feasible social law for the objective, but also required to fo...

In an earlier paper (Ma, 1994), I considered the implications of prospective payment and cost reimbursement systems on provider quality and cost reduction incentives in the health market. Patient dumping, in which costly patients are denied services by providers, was one of the issues discussed in that paper. Because pure prospective payment is a fixed-price mechanism, providers will suffer a l...

Forming a contract among self-interested agents often requires complex, strategic thinking. For instance, a self-interested agent (contractee) will perform a task for another agent (contractor) only when doing it is in its own interest. Therefore, to form a successful contract, the contractor needs to provide incentives to the contractee, such as proposing a payment higher than the contractee’s...

As the birthplace of "two rivers and one river" an important water supply conservation area in my country, Three Rivers Source Region has experienced ecological problems such as grassland degradation, land desertification, soil erosion recent years. country's current financial policies transfer payments for national key function areas, returning farmland to forests grasslands, protecting public...

Wallet may be described as container application used for configuring, accessing and analysing data from underlying payment application(s). There are two dominant types of digital wallet applications, proximity wallet and remote wallet. In the payment industry, one often hears about authentication approach for proximity or remote wallets or the underlying payment applications separately, but th...

What makes e-money special relative to cash? How does the introduction of electronic money improve the functioning of a payment system, in which cash is used as an incumbent payment instrument? This paper adopts a mechanism design approach to identify the essential features of e-money that improve the effi ciency of the economy. We build a micro-founded general equilibrium model to compare the ...

Since 2002, the healthcare system in Taiwan has implemented a global budgeting scheme in clinics and hospitals with an expenditure cap. The current mode of payment for medical points in Taiwan is primarily through the fee-for-service (FFS) mechanism. This payment mechanism has diminished the quality of services that clinics and hospitals provide to patients. Furthermore, FFS does not grant ince...

We study the problem of selling a resource through an auction mechanism. The winning buyer in turn develops this resource to generate profit. Two forms of payment are considered: charging the winning buyer a one-time payment, or an initial payment plus a profit sharing contract (PSC). We consider a symmetric interdependent values model with risk averse or risk neutral buyers and a risk neutral ...

background and objectives: informal payment in the health settings is a significant challenge facing the health system, with consequences such as inequity in access to healthcare services, distrust to health care system, and dissatisfied customers. detailed identification of the nature of the problem is perquisite to developing relevant overcoming strategies. given that, this study aimed at pro...