background: several reservoir systems have been constructed for hydropower generation around the world. hydropower offers an economical source of electricity with reduce carbon emissions. therefore, it is such a clean and renewable source of energy. reservoirs that generate hydropower are typically operated with the goal of maximizing energy revenue. yet, reservoir systems are inefficiently ope...

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.

P2P applications have found a lot of interest lately but there are open questions about the viability of the revenue models behind P2P applications/ services. In this paper, we discuss revenue models for P2P applications. There is no one size fits all revenue model for the differentP2P applications/ services; hence the quest for viable revenue models requires a differentiated discussion. Our go...

Recent studies find that environmental tax swaps typically exacerbate the costs of the tax system and therefore do not produce a “double dividend”. We extend previous models by incorporating taxfavored consumption goods (e.g. housing, medical care). In this setting, the efficiency gains from recycling environmental tax revenues are larger because pre-existing taxes distort the consumption bundl...

Modern techniques for representing games and computing their Nash equilibria are approaching the point where they can be used to analyze market games. We demonstrate this by showing how the equilibria of different position auction mechanisms can be tractably identified using these techniques. These results enable detailed and quantitative comparisons of the different auction mechanisms—in terms...

Cost efficiency measures the cost of resource by output production. While conventional cost efficiency models set targets separately for each DMU, There are cases where the Central decision making is seeking the above targets, and at the same tries to obtain the target of Min cost efficiency for the total consumption. in this paper we consider that there is a centralized decision maker (DM). In...

We present a stochastic optimization model for hotel revenue management with multipleday stays under an uncertain environment. Since a decision maker may face several scenarios when renting out rooms, we use a semi-absolute deviation model to measure the risk of hotel revenue, and only consider the risk of falling below the expected revenue. The method proposed in this paper can be changed to a...