This paper considers a moral hazard model with agent limited liability. Prior to interacting the principal, designs production technology, which is specification of his cost generating each output distribution. After observing principal offers payment scheme and then chooses distribution over outputs. We show that there an optimal design involving only binary distributions (i.e., any other proh...

An intense scholarly and public policy debate concerns the optimal design of political institutions for new democracies, particularly those facing deep ethnic or cultural cleavages. Drawing on a book-length study of political engineering in the AsiaPacific region, this paper surveys the differences between consociational and centripetal approaches to institutional design. After examining the ke...

We discuss the expected response of CMS calorimetry to single hadrons and jets in the transition region between the barrel and endcap for a number of different geometries of the ”cable path”. These results are an important element in choosing the optimal design for the hadron calorimeter in an effort to optimise the Emiss t resolution of the detector.

We characterize the optimal regulatory policy to promote demand response in the electricity sector. Demand response arises when consumers reduce their purchases of electricity in times of peak demand, when the utility’s marginal cost of supplying electricity is relatively high. The optimal policy differs systematically from the policy in the U. S. Federal Energy Regulatory Commission’s (FERC’s)...

In crossover design experiments, the proportional model, where the carryover effects are proportional to their direct treatment effects, has draw attentions in recent years. We discover that the universally optimal design under the traditional model is E-optimal design under the proportional model. Moreover, we establish equivalence theorems of Kiefer-Wolfowitz’s type for four popular optimalit...