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When bidders exhibit multi-unit demands, standard auction methods generally yield inefficient outcomes. This article proposes a new ascending-bid auction for homogeneous goods, such as Treasury bills or telecommunications spectrum. The auctioneer announces a price and bidders respond with quantities. Items are awarded at the current price whenever they are(More)
Evidence is given that the reforms of the 1980's in Chinese state-owned enterprises strengthened a nascent managerial labor market by incorporating many of the incentives present in Western managerial labor markets, although in other forms. Poorly performing firms were more likely to have a new manager selected by auction; to be required to have a higher(More)
Surveys are frequently used by businesses and governments to elicit information about the public's preferences. They have become the most common way to gather preference information regarding goods, that are not (or are not yet) bought or sold in markets. In this paper we apply the standard neoclassical economic framework to generate predictions about how(More)
Considered in this paper is a mechanism to coordinate the decision to provide a public input to a group of firms designed to overcome the 'free rider' problem. The coordinating agent relies on information communicated by the firms and it is shown that the mechanism provides an incentive for each firm to send truthful information so that an optimal quantity(More)
We consider the problem of simultaneous bitrate allocation for multiple video streams. Current methods for multiplexing video streams often rely on identifying the relative complexity of the video streams to improve the combined overall quality. In such methods, not all the videos benefit from the multiplexing process. Typically, the quality of high motion(More)
We consider the problem of bit-rate allocation for multiple video users sharing a common transmission channel. Previously, overall quality of multiple users was improved by exploiting relative video complexity. Users with high-complexity video benefit at the expense of video quality reduction for other users with simpler videos. The quality of all users can(More)
We consider rate allocation for multiple video users sharing a constant bitrate channel. Previously, overall quality of multiple users was improved by exploiting relative complexity. Users with high complexity video benefit at the expense of video quality reduction for other users with simpler videos. The quality of all users can be improved by collectively(More)
Businesses and governments devote substantial resources to the collection and analysis of survey data concerning the public's preferences. The possibility of strategic responses to such surveys is analyzed. Consequential and hypothetical surveys are formally defined. For the former the question is posed: what form should strategic behavior take? The(More)
Methods for multiplexing video streams often rely on identifying the relative complexity of the video sequences to improve the combined overall quality. In such methods, the quality of high motion videos is improved at the expense of reduction in the quality of low motion videos. In our approach , we use the Edgeworth box solution for competitive(More)