Digital Market Perfection

Perfection Optimal ? Employment and Product Market Competition

This paper proposes a model of efficiency wage with endogenous workers flows in interaction with imperfect competition on the product markets. Subject to economy-wide shocks, firms hire and fire workers thus generating a certain turnover. We show that the intensity of this turnover negatively affects workers’ incentives and induces higher efficiency wage premia. Increased competition pushes rea...

Regenerating Perfection.

Partnering for Perfection: An Economics Perspective on B2B Electronic Market Strategic Alliances

New technological innovations have made it possible for new intermediaries to create value in business processes that involve the procurement of manufacturing and services supplies. Associated with these innovations is the emergence of business-to-business (B2B) electronic markets. These act as digital intermediaries that aim to reduce the transaction costs and mitigate the risks inherent in pr...

Testing perfection is hard

A graph property P is strongly testable if for every fixed > 0 there is a one-sided -tester for P whose query complexity is bounded by a function of . In classifying the strongly testable graph properties, the first author and Shapira showed that any hereditary graph property (such as P the family of perfect graphs) is strongly testable. A property is easily testable if it is strongly testable ...

Profiling, Performance, and Perfection

A profile is “a set of data often in graphic form portraying the significant features of something”. [Web88] Profiles can help us to quickly understand a person or entity better. In the development of computer-based applications, profiles are invaluable. They help us to understand the application – how it works, how well it works, whether it in fact works as we think it does, and whether it is ...