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Use of a unique reservation threshold [68].
33In principle, we could test whether this unique reservation asset stock property held empirically.
This is made possible by OpenTable's unique reservation system, which can monitor which patrons have actually been seated.
We solve the model and do the calibration assuming this process is appropriate and assuming there is a unique reservation asset stock for each point in the state space.
We then check that the results in our benchmark case are unaffected when we use a global optimizing routine, simulated annealing, and we do not assume a unique reservation asset stock.
In particular, the assumption of a unique reservation asset stock fails as the variance of shocks gets sufficiently low and if households have discount rates very close to the interest rate.
Similar(52)
Perhaps unique to reservations, rivals sometimes pelt one other with cans of food from the federal commodity program, a practice called "commod-squadding".
Tone reservation is unique among methods for reducing PAPR, because it does not affect information bearing coefficients and involves no additional coordination of transmitter and receiver.
We were kids when we changed our wedding date, in response to parental challenges (isn't it always your parents' fault?), and we planned our wedding like kids do: with little consideration for future consequences... like dinner reservations, presents, unique gestures, on a day when so much of the population is competing to make anything either of us does look inadequate.
JetBlue recently joined four large reservation networks, a unique step for a low-fare airline.
At the time when the reservation was formed, three unique bands of Indian tribes lived on different parts of the Klamath River, each with its own language.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com