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The landlord may also find it optimal to set a fixed rent by setting the sales share to zero.
We obtain a unique subgame perfect equilibrium in which rational agents facing moving costs may find it optimal not to move (anticipating other participants' movements).
This paper challenges that presumption, showing that in well-defined circumstances, rent-seeking public schools find it optimal to reduce productivity when a voucher is introduced.
"Since commitment to a currency union by an independent country can only be conditional, an independent Scotland might find it optimal to abandon the currency union in the future if the financial stability advantages to having its own currency begin to outweigh any disadvantages due to trade and transactions costs," they write.
When the human capital level is sufficiently high, men find it optimal to marry monogamously instead of bearing the high cost of polygynous mating.
Given the above assumptions, workers in this condition would obviously find it optimal to deploy their entire endowment of skills on the job, (s_{i}^=eta _{i}).
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Anticipating the consumer's reactions, the firm finds it optimal to lower the first-period price.
If party (R) found it optimal to make the offer it is because (V_R ({c_0})
If producers found it optimal to change the commercial name every time they make a major change in characteristics, they would be discarding any "accumulated" reputation (obsolescence).
This area is built by setting the cost for those cells above the free ones, but still allowing the robot to choose a path through those cells if the algorithm finds it optimal (Fig. 9).
We assume that all of the generators are online and producing at their minimum operating points (i.e., that (q_{i,0} = Q_i^-; forall i in I)) and that each generator has been online a sufficient number of hours that it could be immediately switched off in hour 1, if the scheduling model finds it optimal to do so.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com