We show that the the unit demand auction introduced by Demange, Gale and Sotomayor [5] is incentive compatible even when bidders have budget constraints. Furthermore we show that myopic bidding is an ex post equilibrium. Finally, we show that any other incentive compatible which always outputs a competitive equilibrium (envy free) must coincide with the DGS auction.

The commodity markets have been bidding for acreage due to biofuels creating increased demand for corn and soybeans. Currently, the major decision facing producers is determining the enterprise mix for 2008 in the midst of higher commodity prices. This memo compares the Return over Variable Costs for cotton and peanuts and analyzes the breakeven yields and prices for non-irrigated and irrigated...

The practice of target pricing has been a key factor in the success of Japanese manufacturers. In the more commonly-known demand-side approach, the target price for the supplier equals the manufacturer’s market price less a percent margin for the manufacturer but no cost-improvement expenses are shared. In the supply-side approach, cost-improvement expenses are shared and the target price equal...

The commodity markets have been bidding for acreage due to increased corn and soybean demand for biofuels. Currently, the major decision facing producers is determining the enterprise mix for 2008 in the midst of higher commodity prices. This memo compares the Return over Variable Costs for soybeans and peanuts and analyzes the break-even yields and prices for non-irrigated and irrigated produc...

This paper describes a new method for the evaluation of non-utility generation impacts on preventive-corrective control of power systems. The proposed method relies on a mixed integer nonlinear optimization and is capable of recognizing the effectiveness of demand side preventive-corrective actions. A number of cases are presented to illustrate the consequences of introducing demand side action...

This paper describes a new method for the evaluation of non-utility generation impacts on preventive-corrective control of power systems. The proposed method relies on a mixed integer nonlinear optimization and is capable of recognizing the effectiveness of demand side preventive-corrective actions. A number of cases are presented to illustrate the consequences of introducing demand side action...

The popularity of online auctioning has grown meteorically since the late 90s. This attraction is due to their convenience, low cost and ability to reach large (even worldwide) audiences. However, despite the advantages there are many problems inherent in auctioning online. One such problem is shill bidding where spurious bids are introduced into an auction to drive up the final price for the s...