Sentence examples for optimal mechanisms from inspiring English sources

In order to achieve this goal, the first step (described in the present paper) consists in studying optimal mechanisms of a cross-border balancing market optimizing the allocation of the cross-border transmission network capacities and suitable to incorporate bids from VPPs located on the distribution network.

Second, we discuss revenue optimal mechanisms.

We then characterize the optimal mechanisms when the agent has superior information at the outset of the relationship.

We obtain two sets of structural results of the optimal mechanisms, which can be summarized in one conclusion: under certain distributional conditions, the optimal mechanisms have simple menus.

Specifically, optimal mechanisms have a simple "posted price" or "option" form.

In general, optimal mechanisms combine both pooling and screening of values.

We use the topology optimization technology to obtain an optimal mechanism layout achieving the best overall system performance.

When the agents' values are drawn independently from a distribution, the Bayesian optimal mechanism is given by Myerson [1] as a virtual-surplus optimizer.

The optimal mechanism is characterized.

Second, we discuss results on revenue optimal mechanism.

The optimal mechanism is continuous and deterministic.