Optimal Pricing of Public Franchises With Imperfectly Correlated Demand Shocks
ABSTRACT In a dynamic adverse selection setting with private information about stochastic consumer preferences, we study the pricing of franchise rights when the awarding government body has to balance between revenue collection and consumer welfare. In this environment, we show that optimal pricing requires an appropriate combination of fixed and time‐
Marco Buso, Cesare Dosi, Michele Moretto
wiley +1 more source
A generalized atomic system of N-level atom within the framework of ([Formula: see text]) JCM interacting with one-mode field solved via supersymmetric approach. [PDF]
Zait RA.
europepmc +1 more source
Best Before? Expiring Central Bank Digital Currency and Loss Recovery
Abstract Physical cash enables payments in the absence of electricity or network coverage. Such offline payment functionality promotes the operational resilience and, particularly in developing countries, the accessibility of payments. Central banks are exploring issuing digital cash substitutes with similar offline payment functionality.
CHARLES M. KAHN +2 more
wiley +1 more source
Finite set model predictive control of permanent magnet synchronous motor current based on super twisting sliding mode observer. [PDF]
Ren H, Su C, Long R.
europepmc +1 more source
Fusion 3-Categories for Duality Defects. [PDF]
Bhardwaj L +3 more
europepmc +1 more source
Beyond Euclid: an illustrated guide to modern machine learning with geometric, topological, and algebraic structures. [PDF]
Papillon M +10 more
europepmc +1 more source
On <i>t</i>-derivations of PMS-algebras. [PDF]
Melese Kassahun N +3 more
europepmc +1 more source
Evaluation of data driven low-rank matrix factorization for accelerated solutions of the Vlasov equation. [PDF]
Jonnalagadda B, Becker S.
europepmc +1 more source
Scattering diagrams, tight gradings, and generalized positivity. [PDF]
Burcroff A, Lee K, Mou L.
europepmc +1 more source
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