We study the price dynamics in a multi-agent economy consisting of buyers and competing sellers, where each seller has limited information about its competitors’ prices. In this ...
As shown by the recent turmoil in credit markets, much remains to be done for the proper risk management of credit derivatives. In particular, the static copula-based models commo...
Many revenue management (RM) industries are characterized by (a) fixed capacities in the short term (e.g., hotel rooms, seats on an airline flight), (b) homogeneous products (e....
Today’s public Wireless LANs are restricted to hotspots. With the current technology, providers can only target a small audience and in turn charge high prices for their service ...
Today's public Wireless LANs are restricted to hotspots. With the current technology, providers can only target a small audience and in turn charge high prices for their serv...