Buying airline tickets is an ubiquitous task in which it is difficult for humans to minimize cost due to insufficient information. Even with historical data available for inspection (a recent addition to some travel reservation websites), it is difficult to assess how purchase timing translates into changes in expected cost. To address this problem, we introduce an agent which is able to optimi...

Inter-Domain QoS routing (route selection from multiple available routes traversing multiple domains) simply on the basis of hop count does neither ensure optimal resource utilization nor SLA fulfillment. Although some schemes (BGP-4) provide policy based routing, they are not suitable in many cases, for example, in case of resource reservation. In this paper, we argue that these schemes alone ...

Many purchases are unplanned and so do not fit comfortably within standard neoclassical consumer theory. We model such ”impulse” purchases by a simple reservation price rule used by impatient consumers. The equilibrium exhibits price dispersion in pure strategies, with lower price firms earning higher profits. The range of price dispersion increases with the number of firms: the highest price i...

This paper incorporates two novelties into steady-state, macroscopic models of street-hail taxi service: (i) heterogeneous drivers; (ii) explicit treatment a competitive rental market for medallions (the rights to cruise passengers). When drivers vary only by reservation wage, issuing raises every driver’s take-home pay, and the social optimum requires subsidy. marginal cost, may hurt with low-...

To understand the local food environment in a rural American Indian community, we assessed the availability and price of healthy foods offered at all stores (n = 27) within a 90-mile radius of the town center of a large American Indian reservation. Stores were classified by type, and availability and cost of foods were measured using the Nutrition Environment Measures Survey in Stores (January-...

Do Reservation Wages Really Decline? Some International Evidence on the Determinants of Reservation Wages Using cross-country data, we investigate the determinants of reservation wages and their course over the jobless spell. Higher unemployment benefits lead to higher reservation wages. Further, again consistent with the basic search model, repeated observations on the same individual provide ...

This paper describes and evaluates distributed wavelength reservation protocols for all{optical WDM networks. These protocols are essential for applying WDM techniques to large scale all{optical networks. The protocols ensure that the wavelengths on the links along a path are reserved before communication takes place. A message is transmitted using the reserved wavelengths and remains in the op...

This memo discusses the applicability of "Extensions to RSVP (Resource ReSerVation Protocol) for LSP Tunnels". It highlights the protocol’s principles of operation and describes the network context for which it was designed. Guidelines for deployment are offered and known protocol limitations are indicated. This document is intended to accompany the submission of "Extensions to RSVP for LSP Tun...

In a laboratory experiment we show that minimum wages have significant and lasting effects on subjects’ reservation wages. The temporary introduction of a minimum wage leads to a rise in subjects’ reservation wages which persists even after the minimum wage has been removed. Firms are therefore forced to pay higher wages after the removal of the minimum wage than before its introduction. As a c...