2,327 research outputs found

    Excess Demand and Rationing: Selling to an Input

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    This paper develops a model that explains the persistence of excess demand for some goods. It offers that, for some goods, consumers care about who else is consuming the good. As such, their willingness to pay depends on their beliefs about the other consumers. We demonstrate that screening mechanisms that impose costs in negative correlation to an individual's (positive) externality can increase profits while appearing to generate excess demand. We feel that such a model is appropriate in that casual observation seems to indicate that it does well in predicting which goods would use such a screening mechanism and which would not.excess demand, distributional waits, scalping, pricing

    Power and Inefficient Institutions

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    This paper is concerned with the persistence of inefficient institutions. Why are they not replaced by more efficient ones? What and/or who prevents such change? We provide an answer to these questions based on two key ideas. The principal idea is that institutional change on an issue may adversely affect the bargaining power of some agents on different issues. The second is that certain kinds of frictions (or transaction costs) are present, which do not allow for this deteriorating bargaining power to be compensated for. A key insight obtained from our analysis is that, the greater is the degree of inequality in the players’ bargaining powers the more likely it is that inefficient institutions will persist

    Entangling two defects via a surrounding crystal

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    We theoretically show how two impurity defects in a crystalline structure can be entangled through coupling with the crystal. We demonstrate this with a harmonic chain of trapped ions in which two ions of a different species are embedded. Entanglement is found for sufficiently cold chains and for a certain class of initial, separable states of the defects. It results from the interplay between localized modes which involve the defects and the interposed ions, it is independent of the chain size, and decays slowly with the distance between the impurities. These dynamics can be observed in systems exhibiting spatial order, viable realizations are optical lattices, optomechanical systems, or cavity arrays in circuit QED.Comment: 5 pages, 5 figure

    The Game of Negotiations: Ordering Issues and Implementing Agreements

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    We study a two-issue bargaining situation in which the surplus of one issue is public information, while that of the other issue is private information to one of the parties. Bargaining is by alternating offers under common time-discounting. The bargaining agenda is determined endogenously since players are free to offer on any number of outstanding issues. Offers must, however, be accepted or rejected in their entirety. Once an offer has been accepted it is not renegotiable. We study this game under two alternative rules for implementing agreements. In the first, partial agreements are implemented as they are reached, in the alternative setting implementation is joint, so that even if an offer on one issue is accepted consumption of this surplus is nevertheless delayed until the second issue is also settled. We show that the order in which issues are bargained in equilibrium is determined by three things: the implementation rule, the type of the informed player and the initial beliefs of the uninformed player. Specifically, an issue-by-issue bargaining agenda arises only when a low-valuation informed player faces an opponent who believes him to be likely a high-valuation type. In contrast to suggestions in the negotiation practitioner literature, such initial agenda offers always involve concessions (much smaller allocations to the informed player than in a bargain without agenda offers.) We also show that it is the implementation rule which determines which issue leads in the agenda. When implementation takes place as agreements are reached, then the issue of known size is negotiated first. If agreements are implemented only after all issues are settled, then, if order is relevant at all, large issues are settled first. All parties prefer the former rules of implementation to the latter.

    The 50-horsepower solar-powered irrigation facility located near Gila Bend, Arizona

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    The 50 horsepower solar powered irrigation facility near Gila Bend, Arizona which includes a Rankine cycle demonstrates the technical feasibility of solar powered pumping. The design of a facility specifically for the irrigation farmer using the technology that has been developed over the last four years is proposed

    Endurance of quantum coherence due to particle indistinguishability in noisy quantum networks

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    Quantum coherence, the physical property underlying fundamental phenomena such as multi-particle interference and entanglement, has emerged as a valuable resource upon which modern technologies are founded. In general, the most prominent adversary of quantum coherence is noise arising from the interaction of the associated dynamical system with its environment. Under certain conditions, however, the existence of noise may drive quantum and classical systems to endure intriguing nontrivial effects. In this vein, here we demonstrate, both theoretically and experimentally, that when two indistinguishable non-interacting particles co-propagate through quantum networks affected by non-dissipative noise, the system always evolves into a steady state in which coherences accounting for particle indistinguishabilty perpetually prevail. Furthermore, we show that the same steady state with surviving quantum coherences is reached even when the initial state exhibits classical correlations.Comment: arXiv admin note: substantial text overlap with arXiv:1709.0433

    Deregulierungspotentiale in der Bundesrepublik.

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    Deregulierung; Einzelhandelspolitik; Finanzmarkt; Bankenpolitik; Telekommunikation; Energiepolitik; Verkehrspolitik; Deutschland;

    Deregulierungspotentiale in der Bundesrepublik

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