Do reported reservation wages correspond to the concept of reservation wages that economists have? Using panel data on British unemployed I calculate reservation wages from a search model and compare these with reported reservation wages. It is shown that men’s reported reservation wages are greater than what the model predicts, and that for women there is hardly a relation between the two vari...

When consumers do not know the prices at which different firms sell, they often also do not know production costs. Consumer search models which take asymmetric information about production costs into account continue focusing on reservation price equilibria (RPE) and their properties. We argue that RPE assume specific out-ofequilibrium beliefs that are not consistent with the logic of the D1 re...

Tone Reservation (TR) is a technique proposed to combat the high Peak-to-Average Power Ratio (PAPR) problem of Orthogonal Frequency Division Multiplexing (OFDM) signals. However conventional TR suffers from high computational cost due to the difficulties in finding an effective cancellation signal in the time domain by using only a few tones in the frequency domain. It also suffers from a high ...

A Contribution to the Empirics of Reservation Wages This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high‐frequency longitudinal data. Using data from our survey of unemployed workers in New Jersey, where workers were interviewed each week for up to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spel...

We propose a model in which firms compete to attract better managers by using corporate governance as part of an optimal executive compensation scheme. Higher governance decreases the cost of taking disciplinary actions against managers, but when managerial talent is scarce, competition among firms to attract better managers implies that firms under-invest in governance. The reason is that mana...

To be the lowest bidders in procurement auctions, contractors commonly solicit subcontract bids at the bid preparation stage. A remarkable feature of the subcontract competition is that “winning is not everything”; the lowest subcontractor gets a job conditional on his contractor’s successful bid. This paper makes the first attempt to establish a model for such pre-award subcontract competition...

We consider the problem of a monopolist with an object to sell before some deadline, facing n buyers with independent private values. The monopolist posts prices but has no commitment power. We show that the monopolist can always secure at least the larger of the static monopoly profit and the revenue from a Dutch auction with a zero reserve price. When there are only a few buyers, her profits ...

The current paper addresses the problem of quality of service (QoS) provisioning in a general purpose operating system (GPOS), in this case GNU/Linux. Particularly, we propose to change the CPU allocation in that OS by reserving a percentage of a CPU capacity in order to ensure the QoS provisioning according to the QoS demand of each process. In order to investigate the effectiveness of that ap...

One of the major drawbacks of OFDM is high Peak to-Average Power Ratio (PAPR) which can result in poor power efficiency and serious distortion in the transmitter amplifier. Tone Reservation (TR) is a technique designed to combat this problem by reserving a number of carriers (tones) in the frequency domain to generate a cancellation signal in the time domain to remove high peaks. However TR can...

Advance reservation of lightpaths in Grid environments is necessary to guarantee QoS and reliability. In this paper, we have evaluated and compared several algorithms for dynamic scheduling of lightpaths using a flexible advance reservation model. The main aim is to find the best scheduling policy for a Grid network resource manager that improves network utilization and minimizes blocking. The ...