We examine the efficiency and expected revenue properties of an asymmetric discriminatory auction with two bidders and two objects. While inherently inefficient, the discriminatory auction may result in higher expected revenue than the efficient Vickrey mechanism. JEL Classification: D44.

For the first time, new regulatory data allow precise measurement of price discrimination against nonfinancial clients in foreign exchange derivatives market. Consistent with theoretical literature, transaction costs vary systematically measures client sophistication. The median pays 10.9 pips more than blue-chip companies because its lower level sophistication, which compares a sample average ...

We study the outcomes of experimental multi-unit uniform and discriminatory auctions with demand uncertainty. Our study is motivated by the ongoing debate about market design in the electricity industry. Our main aim is to compare the effect of asymmetric demand-information between sellers on the performance of the two auction institutions. In our baseline conditions all sellers have the same i...

Markets are important coordination mechanisms for multiagent systems, and market clearing has become a key application area of AI algorithms. We study optimal clearing in the ubiquitous setting where there are multiple indistinguishable units for sale. The sellers and buyers express their bids via supply/demand curves. Discriminatory pricing leads to greater profit for the party who runs the ma...

The Discriminatory Processor Sharing (DPS) model is a multi-class generalization of the egalitarian Processor Sharing model. In the DPS model all jobs present in the system are served simultaneously at rates controlled by a vector of weights {gk > 0; k = 1, . . . , K}. If there are Nk jobs of class k present in the system, k = 1, . . . , K, each class-k job is served at rate gk/ PK j=1 gjNj . T...

A 38-year-old patient was admitted for suspected ectopic pregnancy after in vitro fertilization (IVF) treatment for male factor infertility. Three embryos were transferred 16 days prior to her admission. Serum beta-hCG measurement 4 days before her admission was 3200 mIU/mL and repeat testing 2 days later demonstrated a betahCG level of 2980 mIU/mL. She was hemodynamically stable, with very mil...

Pacific Philosophical Quarterly 80 (1999) 136–156 0031–5621/99/0200–0000 © 1999 University of Southern California and Blackwell Publishers Ltd. Published by Blackwell Publishers, 108 Cowley Road, Oxford OX4 1JF, UK and 350 Main Street, Malden, MA 02148, USA. Abstract: Those interested in securing the compatibility of anti-individualism and introspective knowledge of content (henceforth ‘compati...