Theory predicts that default breach remedies are immaterial whenever contracting costs are negligible. Some experimental studies, however, suggest that in practice default rules do matter, as they may a¤ect parties' preferences over contract terms. This paper presents results from an experiment designed to address the importance of default breach remedies for actual contract outcomes. We …nd th...

Electricity markets are systems for affecting the purchase and sale of electricity using supply and demand to set energy prices. Electricity can be traded in organized markets or by negotiating forward bilateral contracts. Demand response (DR) refers to participation by customers in electricity markets, seeing and responding to prices as they change over time. Customers may adopt several basic ...

Although providing reliable network services is getting more and more important, currently used methods in IP networks are typically reactive and error correcting can take a long time. One of the most interesting solutions is interface based fast rerouting, where not only the destination address but also the incoming interface is taken into account during the forwarding. Unfortunately, current ...

This paper focusses on survey expectations and discusses their uses for testing and modeling of expectations. Alternative models of expectations formation are reviewed and the importance of allowing for heterogeneity of expectations is emphasized. A weak form of the rational expectations hypothesis which focusses on average expectations rather than individual expectations is advanced. Other mod...

This paper studies the role of contested ownership in a situation where two players have to make a personand asset-specific investment, and when no complete contracts can be written. It compares contested ownership to the various ex ante ownership structures typically discussed in the literature (following the influential work by Grossman, Hart, and Moore). The paper shows that contested owners...

We consider a highly-qualified individual with respect to her choice between two distinct career paths. She can choose between a mid-level management position in a large company and an executive position within a smaller listed company with the possibility to directly affect the company’s share price. She invests in the financial market including the share of the smaller listed company. The uti...

In most Supply chain management researches, lead time is considered as a predetermined and fixed parameter. In recent years, some researchers are motivated to consider controllable lead time as a decision variable but they have only considered single product and two-echelon supply chains. This paper proposes a cost allocation model considering the elements of a three echelon supply chain consis...

Two simple, rapid, accurate and economical 'UV Spectrophotometry' and 'First Order Derivative' methods have been developed for determination of levofloxacin hemihydrate in bulk and tablets. In (10% v/v) acetonitrile, the lambdamax of the drug was found to be 288 nm. The same spectrum was derivatised into first order derivative, using UV probe software of instrument (Shimadzu-2450), at Deltalamb...

Permeation-tube moisture generators are used in industry as calibrated sources of water vapor and carrier gas mixtures. Measurements were made using three permeation-tube moisture generators of the type used in the semiconductor industry. This paper describes repeatability and reproducibility standard deviations in measurement of moisture concentration from such generators. Repeatability refers...

We consider a combinatorial problem occurring naturally in a group theoretical setting and provide a constructive solution in a special case. More precisely, in 1999 the author established a logarithmic bound for the derived length of the quotient of a finite solvable group modulo the second Fitting subgroup in terms of the number of irreducible character degrees of the group. Along the way, in...