In the context of common agency adverse-selection games we illustrate that the revelation principle cannot be applied to study equilibria of the multi-principal games. We then demonstrate that an extension of the taxation principle – what we term the “delegation principle” – can be used to characterize the set of all common agency equilibria. JEL Classification: D82, L51.

In this paper, the resonant frequency and sensitivity of an atomic force microscope (AFM) with an assembled cantilever probe (ACP) are analyzed utilizing the modified couple stress theory. The proposed ACP comprises a horizontal microcantilever, an extension and a tip located at the free end of the extension, which make AFM capable of scanning the sample sidewall. First, the governing different...

The unitary extension principle by Ron and Shen is one of the cornerstones wavelet frame theory; it leads to tight frames for L <mml:mrow class="MJX-TeXAtom-...

the operations in the set of fuzzy numbers are usually obtained bythe zadeh extension principle. but these definitions can have some disadvantagesfor the applications both by an algebraic point of view and by practicalaspects. in fact the zadeh multiplication is not distributive with respect tothe addition, the shape of fuzzy numbers is not preserved by multiplication,the indeterminateness of t...

Abstract In this paper, a fuzzy fractional two-stage transshipment problem where all the parameters are represented by numbers is studied. The uses ratio of costs divided benefits as objective function. A solution method which employs extension principle used to find value problem. For purpose, decomposed into two sub-problems each them tackled individually using various $$\alpha$$ <mml:math xm...

In this paper, a fuzzy engineering economic decision model is derived to evaluate the investment feasibility of wind generation project. A straightforward vertex parameters’ fuzzy mathematics operation using the function principle is derived as an alternative to the traditional extension principle, and is applied to evaluate a number of different economic decision indexes. Compared to the exten...