We propose and analyze spillover-partitioning call admission control (CAC) for servicing multiple service classes in mobile wireless networks for revenue optimization with quality of service (QoS) guarantees. We evaluate the performance of spillover-partitioning CAC in terms of execution time and optimal revenue obtainable by comparing it with existing CAC algorithms, including partitioning, th...

This paper addresses the dynamic nature of business model design in the online services business. It particularly focuses on revenue models as a critical driver for mobilizing the dynamics of business models in high-velocity market environments. It argues that a dynamic revenue model design should be a fundamental strategic practice especially for online services that face significant market an...

We propose and analyze spillover-partitioning call admission control (CAC) for servicing multiple service classes in mobile wireless networks for revenue optimization with quality of service (QoS) guarantees. We evaluate the performance of spillover-partitioning CAC in terms of execution time and optimal revenue obtainable by comparing it with existing CAC algorithms, including partitioning, th...

The aim of this paper is to deal with the problem of coordination for online markets where a seller registers to an online market to sell an item. The seller and the owner of the market then form an alliance to generate revenue through online sales. However, the efficiency and stability of the alliance highly relies on the contract that specifies the way to split the revenue and costs over the ...

We study correlated equilibria and coarse equilibria of simple first-price single-item auctions in the simplest auction model of full information. Nash equilibria are known to always yield full efficiency and a revenue that is at least the second-highest value. We prove that the same is true for all correlated equilibria, even those in which agents overbid – i.e., bid above their values. Coarse...

Set-asides and subsidies are used extensively in government procurement and resource sales. We analyze these policies in an empirical model of US Forest Service timber auctions. The model fits the data well both within the sample of unrestricted sales used for estimation, and when we predict (out-of-sample) outcomes for small business set-asides. Our estimates suggest that restricting entry sub...

Revenue Management (RM) is a technique that applies economic principles to system variables in order to maximize revenue. The focus of hotel RM, as perceived by most hospitality practitioners and researchers, is room revenue maximization. Available software products do not use any high level information and do not use sophisticated prediction models. In this paper we propose a conceptual RM mod...