The paper aims, in the field of manufacturing technologies, at approaching issues of manufacturing systems, in order to develop a new concept of management, which is in line with the current market dynamics: the concept of competitive management. The concept of competitive management can offer solutions even to make competitive and develop enterprises as a whole. However, improving competitiven...

the experience of countries that have liberalized their electricity markets has shown that the assumption that markets will naturally produce a competitive result is not always justified. the most important concern refers to the changes of demand and price which result in providers’ mistreatment. market power is typically defined as the ability to profitably alter prices away from competitive l...

Electricity generation from renewable sources is growing rapidly, but the variability and uncertainty of renewable resources like wind and solar energy can increase the costs of supplying reliable electricity. Competitive markets for wholesale electricity are widely used in the United States, but the regulatory details that govern their treatment of stochastic resources can have significant eff...

recently, the existing mechanism of the market has been considered as an efficient method for allocating water resources in some developed and developing countries. the necessary conditions to establish an efficient water market and its economic consequents must be recognized before using this method in iran. the purpose of this study is to investigate the economic consequences and present prac...

Rubinstein and Wolinsky (1990) show that a simple homogeneous market with exogenous matching has a continuum of (non-competitive) perfect equilibria; however, the unique Markov perfect equilibrium of this model is competitive. By contrast, in the more general case of heterogeneous markets, even the Markov property is not enough to guarantee the perfectly competitive outcome. We define a market ...

This paper studies a market game under uncertainty in which agents may submit multiple limit and market orders. When agents know their preferences at all states, the competitive equilibrium can be supported as a Nash equilibrium of the market game, that is, agents behave as if they were price takers. Therefore, if the associated competitive economy has a fully revealing rational expectations eq...

We consider the existence of radially symmetric non-negative solutions for the boundary value problem -Au(x) = lf{u(x)) IMI < 1, x e RN{N > 2) u(x) = 0 ||*|| = 1 where X > 0, f(0) < 0 (non-positone), /' > 0 and / is superlinear. We establish existence of non-negative solutions for A small which extends some work of our previous paper on non-positone problems, where we considered the case N = \ ...

Abstract Economists have often viewed the adoption of artificial intelligence (AI) as a standard process innovation where we expect that efficiency will drive in competitive markets. This paper models AI based on recent advances machine learning allow firms to engage better prediction. Focusing prediction demand, it is demonstrated complement variable inputs whose levels are altered directly by...