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...

We study the A-optimal design problem where we are given vectors v1, . . . , vn ∈ R, an integer k ≥ d, and the goal is to select a set S of k vectors that minimizes the trace of (∑ i∈S viv > i )−1 . Traditionally, the problem is an instance of optimal design of experiments in statistics (Pukelsheim (2006)) where each vector corresponds to a linear measurement of an unknown vector and the goal i...

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...

In this paper we study the behavior of the free boundary optimal design problem min  Z

The optimal design of input prices is analyzed in a simple setting where the regulator has limited knowledge of efficient production costs. Under some conditions, input prices are optimally set equal to expected efficient production costs, as under the Federal Communications Commission’s TELRIC pricing policy in the U.S. telecommunications industry. More generally, input prices optimally reflec...

Design-to-time scheduling problems are real-time problems where multiple methods are available for many subproblems. This paper briefly summarizes recent work empirically investigating the design-totime search space. The effects of several parameters on the difficulty of the scheduling are mentioned and discussed.

In this article we study optimization problems ruled by α-fractional diffusion operators with volume constrains. By means of penalization techniques we prove existence of solutions. We also show that every solution is locally of class C0,α (optimal regularity), and that the free boundary is a C1,α surface, up to a Hn−1-negligible set.