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A novel class of auction-based games is formulated to study coordination problems arising from charging a population of electric vehicles (EVs) over a finite horizon. To compete for energy allocation over the horizon, each individual EV submits a multidimensional bid, with the dimension equal to two times the number of time-steps in the horizon. Use of the progressive second price (PSP) auction mechanism...
This paper illustrates the wholesaling price-only contract scenario where the manufacturer as a leader decides the wholesale price, and then the retailer gives his optimal retail price, marketing effort and order quantity. Using an iso-price-elastic multiplicative demand function, we could obtain the equilibrium solutions. But when demand follows linear additive function, we couldn't obtain the equilibrium...
Based on a model of Stackelberg game between the manufacturer and the retailer, this paper offers the joint optimization on price, stock and channel for the manufacturer when the market demand is stochastic with linear additive shock. We find that the optimal price is decreasing with price elasticity, while the optimal stock is increasing with revenue share ratio, decreasing with price elasticity...
This paper tries to solve the channel optimization for the manufacturer and the retailer who face stochastic market demand by not only considering the structure of cost and revenue sharing in the supply chain but also incorporating the channel marketing effort into the demand function as an endogenous optimization decision. It offers the optimal marketing inputs and channel choice for the two parties...
In a consignment contract between manufacturer and retailers, the manufacturer determines the final price and the sales channel and make the choice of whether adding a direct channel or not. Based on the framework of Stackelberg game, we analyze the optimal channel choice and pricing of manufacturer under environment of stochastic demand. We find the manufacturer will benefit from adding a direct...
This paper tries to unfold the linkage between capital allocation and financial development by undertaking a co-integration analysis for Jiangsu Province between 1995 and 2007. Following Jeffrey Wurgler's model, this paper proposes a panel data model to measure the efficiency of capital allocation. Using the data of 37 industries in Jiangsu Province between 1995 and 2007, we find that the average...
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