For portfolio choice problems with proportional transaction costs, we discuss whether or not there exists a shadow price, i.e., a least favorable frictionless market extension leading to the same optimal strategy and utility. By means of an explicit counter-example, we show that shadow prices may fail to exist even in seemingly perfectly benign situations, i.e., for a log-investor trading in an...

When a user shares her data with online platforms, she reveals information about others. In such setting, externalities depress the price of because once user's is leaked by others, has less reason to protect and privacy. These depressed prices lead excessive sharing. We characterize conditions under which shutting down markets improves welfare. Platform competition does not redress problem exc...

Dynamic clock auctions with drop-out information typically yield outcomes closer to equilibrium predictions than do comparable sealed-bid auctions. However, clock auctions require congregating bidders for a fixed time interval, which has limited field applicability and introduces inefficiencies of its own given the time cost of congregating bidders. In this experiment we explore the effects of ...

This paper investigates under which circumstances negotiating simultaneously over multiple issues or assets helps reduce inefficiencies due to the presence of asymmetric information. We find that a simultaneous negotiation over multiple assets that are substitutes reduces inefficiencies. The effect is stronger if goods are heterogeneous, and in this case the inefficiency can be eliminated altog...

Lithium-ion battery technology has progressed to the point where it is commonplace in today’s consumer electronics. However, future applications also demand electrode materials with increased performance over typical intercalation-based electrodes. Electrode materials that undergo conversion reactions can offer this increased performance by storing larger amounts of energy compared to intercala...

Performance is a crucial issue of parallel/distributed applications. One kind of useful tools, in this context, are the automatic performance analysis tools, that help developers in some of the phases of the performance tuning process. KappaPI 2 is an automatic performance tool, with open knowledge about typical inefficiencies in message passing applications, and it is able to detect and analyz...