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They described that it is a powerful tool to divide heterogeneous goods and resources.
Compared to them, we find the similar result when firms produce sufficiently heterogeneous goods.
Using duality theory techniques we derive simple, closed-form formulas for bounding the optimal revenue of a monopolist selling many heterogeneous goods, in the case where the buyer's valuations for the items come i.i.d.i.d
The latter issue can be posed in this way: When various amounts of heterogeneous goods are held by different individuals, how can one measure individuals' overall holdings of goods so that it can be determined when people's overall holdings are effectively equal?
Similar(56)
We consider the classic problem of fairly dividing a heterogeneous good ("cake") among several agents with different valuations.
Divide and choose (also known as "I cut, you choose") is a procedure for two-person fair division of some desirable or undesirable heterogeneous good.
In the social choice literature (Brams 2005; Brams & Taylor 1996) it is common practice to use cake cutting as a metaphor for a division of a single heterogeneous good.
Can you explain?" The Economy: A two-parter from Joseph Gonder, of Columbia, South Carolina: "Can heterogeneous production goods be included in a mathematically trackable intertemporal equilibrium construction?
Cake cutting algorithm looks for formal fairness in the division of heterogeneous divisible goods.
Cake cutting is a common metaphor for the division of a heterogeneous divisible good.
In order to explain the measured hardness, some of the films are considered as heterogeneous, in good agreement with the XPS, FT IR and XAS data.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com