A market anomaly (or market inefficiency) is a price distortion typically on a financial market that seems to contradict the efficient-market hypothesis. Such anomalies could be calendar, technical or fundamental related and have been shown empirically in a number of settings for financial markets. This paper extends this stream of research to two-sided auction platforms in Electronic Commerce ...

Empirical evidence shows that the clearing prices for point-to-point congestion revenue rights, also known as financial transmission rights (FTRs), resulting from centralized auctions conducted by Independent System Operators differ significantly and systematically from the realized congestion revenues that determine the accrued payoffs of these rights. The question addressed by this paper is w...

Among the distortions generated by inflation, those caused by its interaction with taxation are particularly important. Due to the non-indexation of the tax system, inflation exacerbates the inefficiencies generated by taxation. The aim of this paper is to evaluate the welfare effects of these distortions in New Zealand. By using a stylised model of the New Zealand tax system, the tax burden on...

A market anomaly (or market inefficiency) is a price distortion typically on a financial market that seems to contradict the efficient-market hypothesis. Such anomalies could be calendar, technical or fundamental related and have been shown empirically in a number of settings for financial markets. This paper extends this stream of research to two-sided auction platforms in Electronic Commerce ...

Evaluating higher-order functional programs through abstract machines inspired by the geometry of interaction is known to induce space efficiencies, price being time performances often poorer than those obtainable with traditional, environment-based, machines. Although families lambda-terms for which former exponentially less efficient latter do exist, it currently unknown how general this phen...

Forecast sharing in a supply chain using linear price contracts often leads to inefficiencies as the buyer has an incentive to inflate demand forecasts to ensure sufficient supply. Recent research in supply chain contracting has focused on one-shot relationships, and has identified various contracts that align incentives in the supply chain and induce the buyer to reveal forecast information tr...

Restructuring and liberalization of electric power markets in recent years present new challenges to network operators. Existing transmission assets are being pushed to their physical limits in order to increase overall utilization of transmission networks. Additionally, demand for electric energy is steadily increasing, which further stresses network components. This leads to congested transmi...