Reserve price auctions are one of hot research topics in the traditional auction theory. Here we study the starting price in an online auction, counterpart of the public reserve pr...
: We introduce a graph-theoretic generalization of classical Arrow-Debreu economics, in which an undirected graph specifies which consumers or economies are permitted to engage in...
Civil infrastructure provides the range of essential services generally necessary to support a nation’s economy and quality of life—arguably entire economies rely on the abili...
The Japanese computer industry in 1990s was hit with two major shocks at the same time. One shock was the drastic reform of computers and of network. The other shock was from the ...
In the real world, cities exist because of external economies associated with the geographic concentration of firms within a city. Of course, such a geographic proximity with input...