We study a service facility modelled as a single server queueing system with Poisson arrivals and limited or unlimited buffer size. In systems with unlimited buffer size, the service times have general distributions, whereas in finite buffered systems service times are exponentially distributed. Arriving customers enter if there is room in the facility and if they are willing to pay the posted ...

We present an artificial stock market in which simple trading agents enter an asynchronous double auction market to trade in a single stock. Beginning with a population of random trading agents drawing their bid prices from a normal distribution around the current price, we compare the statistical properties of the emergent stock price return distribution to that observed on a real price series...

This work focuses on a cellular system scenario of a single base station broadcasting incoming files (or users) to multiple receivers over a time-varying channel. The basestation sets a price per receiver and per file to maximize its profit. The files may or may not enter the system depending on the price of service, the delay performance and their randomly determined valuations. Under this sce...

In this paper, we employ simulation-based methods to study the role of a market maker in improving price discovery in a prediction market. In our model, traders receive a lagged signal of a ground truth, which is based on real price data from prediction markets on NBA games in the 2014–2015 season. We employ empirical game-theoretic analysis to identify equilibria under different settings of ma...

INTRODUCTION The professional bachelor’s degree [Bachelor of Public Health (BPH) or Bachelor of Science (BS) in Public Health] provides a cadre of trained individuals to fill entrylevel positions in American public health agencies. The traditional Bachelors of Arts or Science degrees with majors in public health produce an informed citizenry, but may not provide sufficient public health course ...

This paper analyses a model of price formation in a market with a finite number of non-identical agents engaging in decentralised bilateral interactions. We focus mainly on equal numbers of buyers and sellers, though we discuss other cases. All characteristics of agents are assumed to be common knowledge. Buyers simultaneously make targeted offers, which sellers can accept or reject. Acceptance...

This paper investigates empirically the product assortment strategies of oligopolistic firms. We develop a framework that integrates product choice and price competition in a differentiated product market. The present model significantly improves upon the reduced-form profit functions typically used in the entry and location choice literature, because the variable profits that enter the product...

If a monopoly supplies a perishable good, such as tickets to a performance, and is unable to price discriminate within a period, the monopoly may benefit from the potential entry of resellers. If the monopoly attempts to intertemporally price discriminate, the equilibrium in the game among buyers is indeterminate when the resellers are not allowed to enter, and the monopoly’s problem is not wel...