Your English writing platform
Discover LudwigExact(4)
In contrast, we found that revenue was extremely variable across auction mechanisms and was highly sensitive to equilibrium selection, the preference model, and the valuation distribution.
The goal is to design an auction such that, whatever the underlying valuation distribution, its expected revenue is almost as large as that of an optimal auction tailored for that distribution.
As the variance of transaction costs increases, incorporating transaction costs leads to higher cost saving for the entities that matter to the shipper (i.e., herself, her group, and the logistics chain), and higher profitability for the group of 3PLs, regardless of valuation distribution type.
The large number of zero valuations (observed in both the England study and the Netherlands study), for example, has not always been apparent in other TTO studies (although it should be noted that the valuation distribution observed in the MVH study was also characterised by a peaks at −1, 0 and 1 [ 8]).
Similar(56)
We prove that under reasonably general assumptions, this mechanism simultaneously approximates all Bayesian-optimal mechanisms for all valuation distributions.
By contrast, when bidders differ only in valuation distributions, optimal equity auctions feature more efficient allocations than optimal cash auctions.
I analyze the effects of heterogeneity in terms of bidders' valuation distributions and standalone values in equity auctions auctions in which bidders offer equities rather than cash.
The model is related to our work on optimal screening with returns contracts Akan, Ata, and Dana [1], but here we consider a simpler binary-valuation distribution and consider more realistic consumer learning assumptions.
The Apple REIT's valuations did not change despite the downturn for commercial real estate, and Lerner "failed to sufficiently investigate the valuation and distribution irregularities" of the products, Finra said in its release.
Kejriwal says that the valuation of the distribution network will determine the bidding price for HPCL.
In its production, distribution, and valuation contemporary art operates in a moment that is distinctly post-internet.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com