In equilibrium, this friction rules out pure strategy pricing, so both firms randomize on prices. Moreover, the prominent firm also randomizes between the lowest and the highest price complexity levels and, for
Adding the two- and three-factor interactions to the fixed-effects terms increases the time required to fit the model. f2 = @formula(rt_trunc ~ 1 + spkr*prec*load + (1|subj) + (1|item)); 0.4s Mixed models complexity (Julia) Julia 1.2 m2 = fit(MixedModel, f2, kb07, contrasts=...
From Table1, the ADF unit root tests demonstrate that all the factors are stationary at the 1% significance level, which implies that we can further utilize them to build factor pricing models. On that basis, the Fama–French three-factor model and the multilayer network risk factor pricing mo...
Recent Core Models of Complexity Microeconomics* “[…] it reminded me of a lecture by the great mathematician Stan Ulam that I heard as a physics graduate student at UC Santa Cruz in 1977. The lecture was titled ‘nonlinear mathematics’. Ulam began by saying that he was embarrassed by the...
There had been much concern about the practical implementations of the requirements, such as the use of option pricing models to determine fair values, etc. In addition, given the number of variables, such as exercise price, interest rates, time to expiry and dividends expected to be paid ...
Ying Wang (PhD in Tourism) is with the Griffith Institute for Tourism, Parklands Drive, Southport, QLD 4215, Australia (E-mail: ). Authors are listed alphabetically and contributed equally to the research.Journal news 2013 Impact Factor now 0.695, 5-Year Impact Factor now 0.966 Call for ...
But understanding and managing those costs can be a challenge because each cloudprovider has different pricing models, service offerings, and billing structures. The publiccloud also allows users to consume resources more easily, which can lead to overspending....
In this chapter we embark upon what could be referred to as investment decision-making in a complex environment to stress the difference with the ‘man on the moon’ scenario of Sect. 2.6. Decision-making in a complex environment refers to the case...
In the three vendors’ characteristics prescribed value, make (24) Examine the impact of price adjustment factor on the system. (i) Impact on the Price of the Game. We fixed the adjustment speed of tobacco companies 2 and 3 as 0.1 and studied the impact of the change of the adjustment...
The latter characteristic seems to help especially in addressing unanticipated customer needs. A key factor in leveraging “sharing resources” logic is addressing the threats of unwanted changes in the actors' roles. In the case platforms, this is done by clear communication of the platform's ...