Information Design and Sensitivity to Market Fundamentals

Combinatorial Information Market Design

Information markets are markets created to aggregate information. Such markets usually estimate a probability distribution over the values of certain variables, via bets on those values. Combinatorial information markets would aggregate information on the entire joint probability distribution over many variables, by allowing bets on all variable value combinations. To achieve this, we want to o...

Sensitivity to Market Risk

A Note on Information and Market Design∗

The effects of information on market design are explored in a simple setting where firms have private information about their correlated fixed costs and the government aims to maximize its expected revenue conditional on achieving efficient allocations. Government revenues are higher when the costs are less correlated (or are more of a private value). The reduced correlation increases the firms...

Fundamentals of Fermenter Design

The influences of environmental (macro) conditions and those on the cell level are treated from the point of view of heatand mass-transfer in microbial systems. The effects considered are (i) consumption of substrates, (ii) output of products, (iii) production of heat and (iv) aggregation, as far as concerns direct influence on the microenvironment. The other properties which may have indirect ...

intercultural sensitivity instruction and interfaces among iranian efl learners intercultural sensitivity,language proficiency,ehnic and demograhic backgrounds:an ethnocentrism vs.ethnorelativism perspective

monumental changes occurring on a daily basis have altered the world into a global village of expanding technology and shrinking geography in which preparing language learners for intercultural communication seems to be a sine qua non for modern language education. employing a cross-sectional design in its first phase, this study investigated the intercultural sensitivity and language proficien...