Debt Ceilings With Fiscal Intransparency and Imperfect Electoral Accountability
International Economic Review, EarlyView.ABSTRACT We study optimal debt ceilings in a political‐agency model with uncertainty about both policymaker type (benevolent or selfish) and economic state (good or bad). Elections generate disciplining and selection effects that differ across pooling, hybrid, and separating equilibria induced by different ceilings.
Randolph Sloof +2 more
wiley +1 more source
Sparse and Unique Nonnegative Matrix Factorization Through Data Preprocessing [PDF]
, 2012 Nicolas Gillis
openalex +1 more source
Limit Orders and Knightian Uncertainty
International Economic Review, EarlyView.ABSTRACT A wide variety of financial instruments allows risk‐averse traders to reduce their exposure to risk. This raises the question of what financial instruments allow ambiguity‐averse traders to reduce their exposure to ambiguity. We show in this paper that price‐contingent orders, such as limit orders, are sufficient: In a two‐period trading model,
Michael Greinecker, Christoph Kuzmics
wiley +1 more source
An Economic Analysis of Difficulty Adjustment Algorithms in Proof‐of‐Work Blockchain Systems
International Economic Review, EarlyView.ABSTRACT We study the stability of cryptocurrency systems through difficulty adjustment. Bitcoin's difficulty adjustment algorithm (DAA) exhibits instability when the reward elasticity of the hash rate is high, implying that a sharp price reduction could disrupt the current Bitcoin system.
Shunya Noda +2 more
wiley +1 more source
Nonnegative matrix factorization analysis and multiple machine learning methods identified IL17C and ACOXL as novel diagnostic biomarkers for atherosclerosis. [PDF]
BMC Bioinformatics, 2023 Rao L, Peng B, Li T.
europepmc +1 more source
Network Games With Triadic Interactions
International Economic Review, EarlyView.ABSTRACT We propose a model for network‐mediated interactions incorporating higher‐order relationships such as triadic interactions. The marginal utility of an individual's action depends explicitly on endogenous actions of multiple units. Conditions ensuring a unique Nash equilibrium are derived using a variational inequality approach. We estimate the
Wei Shi, Chunchao Wang, Pei Yu
wiley +1 more source
International Transactions in Operational Research, EarlyView.Abstract In this paper, we address the problem of routing a fleet of electric vehicles (EVs) to serve a set of customers, geographically distributed, within their time windows. We assume that EVs may also be recharged en route, and the amount of energy recharged at a recharging station (RS) is a decision variable itself, that is, partial recharges are ...
Maurizio Bruglieri +3 more
wiley +1 more source
Measuring the Effect of Vision on the Synergy of Lower Extremity Muscles during Walking using Nonnegative Matrix Factorization (NNMF) Algorithm Method. [PDF]
Appl Bionics Biomech, 2023 Safari N +4 more
europepmc +1 more source
An iterated greedy‐based metaheuristic with local search for the rank pricing problem
International Transactions in Operational Research, EarlyView.Abstract The rank pricing problem involves determining optimal prices for a set of products while accounting for customers' budgets and preferences. This study develops an iterated greedy‐based metaheuristic to efficiently solve this problem. The core idea is to generate a sequence of solutions by iteratively applying destruction and reconstruction ...
Herminia I. Calvete +3 more
wiley +1 more source
A matheuristic for the traveling salesman problem with positional consistency constraints
International Transactions in Operational Research, EarlyView.Abstract We propose a matheuristic for the traveling salesman problem with positional consistency constraints, where we seek to generate a set of routes with minimum total cost, in which the nodes visited in more than one route (consistent nodes) must occupy the same relative position in all routes.
Luís Gouveia, Ana Paias, Mafalda Ponte
wiley +1 more source