We give the first exact algorithmic study of facility location problems that deal with finding a median for a continuum of demand points. In particular, we consider versions of the “continuous k-median (Fermat-Weber) problem” where the goal is to select one or more center points that minimize the average distance to a set of points in a demand region. In such problems, the average is computed a...

Wireless distributed systems as used in sensor networks, Internet-of-Things and cyber-physical systems, impose high requirements on resource efficiency. Advanced preprocessing and classification of data at the network edge can help to decrease the communication demand and to reduce the amount of data to be processed centrally. In the area of distributed acoustic sensing, the combination of algo...

We give the first exact algorithmic study of facility location problems that deal with finding a median for a continuum of demand points. In particular, we consider versions of the “continuous k-median (Fermat-Weber) problem” where the goal is to select one or more center points that minimize the average distance to a set of points in a demand region. In such problems, the average is computed a...

ABSTRACT This study explores the short-run spillover effects of popular research papers. We consider the publicity of 'Male Organ and Economic Growth: Does Size Matter?' as an exogenous shock to economics discussion paper demand, a natural experiment of a sort. In particular, we analyze how the very substantial visibility influenced the downloads of Helsinki Center of Economic Research discussi...

We propose an oligopoly game where quantity setting firms have incomplete information about the demand function. At each time step they solve a profit maximization problem assuming a linear demand function and ignoring the effects of the competitors’ outputs. Despite such a rough approximation, that we call “Local Monopolistic Approximation” (LMA), the repeated game may converge at a Nash equil...

Available online 2 November 2013 In this study, we use both quote and trade data for the FTSE-100 futures for 2001–2004 in order to examine asymmetric volatility in the context of extreme sells. We define extreme sells as ask quotes that involve large percentages of total depth, selling orders executed at prices much closer to bids than to asking prices, and consecutive sell-initiated trades. S...

This paper develops a dynamic, stochastic, general-equilibrium (DSGE) model for the Canadian economy and evaluates the real effects of monetary policy shocks. To generate high and persistent real effects, the model combines nominal frictions in the form of costly price adjustment with real rigidities modelled as convex costs of adjusting capital and employment. The structural parameters identif...

We give the first exact algorithmic study of facility location problems that deal with finding a median for a continuum of demand points. In particular, we consider versions of the “continuous k-median (Fermat-Weber) problem” where the goal is to select one or more center points that minimize the average distance to a set of points in a demand region. In such problems, the average is computed a...

The number of documents being collected by information brokers such as bibliographic database producers, libraries and publishers increases rapidly. The consequence is a huge demand for indexing and classification. So far this has had to be carried out manually. The system AUTINDEX, which is described in this paper offers tools for monolingual as well as for multilingual automatic indexing and ...

This paper analyses the dynamics of a nonlinear Cournot duopoly with general isoelastic demand (quasi-linear preferences) and quantity-setting firms that have incomplete information about the market demand. Unlike existing papers, we propose a model where the price elasticity of demand is different from one. This causes interesting local and global dynamic events that cannot be observed in the ...