Competition in day-ahead electricity markets has been established through auctions where generators and loads bid prices and quantities. Different approaches have been discussed regarding the market auction design. Multi-round auctions, despite its implementation complexity, allow market participants to adapt their successive bids to market prices considering their operational and economic cons...

This paper discusses batch gradient descent learning in mul-tilayer networks with a large number of statistical training data. We emphasize on the diierence between regular cases, where the prepared model has the same size as the true function , and overrealizable cases, where the model has surplus hidden units to realize the true function. First, experimental study on multilayer perceptrons an...

Happiness studies show that there has been no discernable rise in happiness in the United States between 1959 and 2004, yet the same period saw per capita income nearly triple. Dwight Lee modifies the theory of consumer demand to resolve this apparent conflict. Using the concepts of consumer surplus and rising incomes causing demand shifts, Lee posits that the law of downward sloping demand onl...

Bagwell (GEB, 1995) argues that commitment in undermined by the slightest amount of imperfect observation. Guth, Ritzberger & Kirchsteiger (GEB, 1998) question this assertion: for any finite leaderfollower game, with arbitrary many players in each role and generic payoffs, they show that there always exists a subgame perfect equilibrium outcome which is accessible. That is, this outcome can be ...

We analyze a model in which agents make investments and then match into pairs to create a surplus. The agents can make transfers to reallocate their pretransfer ownership claims on the surplus. Mailath, Postlewaite, and Samuelson (2013) showed that when investments are unobservable, equilibrium investments are generally inefficient. In this paper we work with a more structured model that is suf...

We analyze a model in which agents make investments and then match into pairs to create a surplus. The agents can make transfers to reallocate their pretransfer ownership claims on the surplus. Mailath, Postlewaite, and Samuelson (2013) showed that when investments are unobservable, equilibrium investments are generally inefficient. In this paper we work with a more structured model that is suf...

This paper seeks to explain different real wage outcomes in two groups of East Asian economies: two New Industrialising Economies (NIEs: Korea and Taiwan), and three Southeast Asian economies (ASEAN-3: Malaysia, Thailand and Indonesia), all of which grew rapidly for several decades prior to the Asian economic crisis. Drawing on international and national data sets, the paper examines dynamic in...

Background and objectives: Managers will be able to allocate resources optimally using performance evaluation data, specifically, efficiency evaluation of organizations. An efficiency evaluation of hospitals can be provided by determining the optimal scales for each hospital, to which optimal allocation of resources will be possible. Therefore, the present study aimed to evalua...

to evaluate the effect of different rates of nitrogen fertilizer on competitive ability of canola (okapi cv.) in interference with wild mustard, a split-plot experiment based on a randomized complete block design with 3 replications was carried out at agricultural faculty of bu-ali sina university, in 2008-2009. 4 levels of nitrogen fertilization (100, 150, 200 and 250 kg n ha-1) were assigned ...