Competition for scarce resources

Competition for Scarce Resources

We show that the efficient allocation of production capacity can turn a competitive industry and downstream market into an imperfectly competitive one. Even though downstream firms have symmetric production technologies, the downstream industry structure will be symmetric only if capacity is sufficiently scarce. Otherwise it will be asymmetric, with one large “fat” capacityhoarding firm and a f...

Competition for Scarce Resources∗

We show that the efficient allocation of production capacity can turn a competitive industry and downstream market into an imperfectly competitive one. Even though downstream firms have symmetric production technologies, the downstream industry structure will be symmetric only if capacity is sufficiently scarce. Otherwise it will be asymmetric, with one large “fat” capacity-hoarding firm and a ...

Translating with Scarce Resources

Current corpus-based machine translation techniques do not work very well when given scarce linguistic resources. To examine the gap between human and machine translators, we created an experiment in which human beings were asked to translate an unknown language into English on the sole basis of a very small bilingual text. Participants performed quite well, and debriefings revealed a number of...

Managing Scarce Water Resources – China

Word Alignment for Languages with Scarce Resources

This paper presents the task definition, resources, participating systems, and comparative results for the shared task on word alignment, which was organized as part of the ACL 2005 Workshop on Building and Using Parallel Texts. The shared task included English–Inuktitut, Romanian–English, and English–Hindi sub-tasks, and drew the participation of ten teams from around the world with a total of...