Financial plans of clinical commissioning groups are being derailed by emergency hikes in prices of generic drugs, which have led to soaring costs, The BMJ has learnt. Last month The BMJ reported that ongoing shortages of generic drugs cost the NHS £38m in November 2017, as the government agreed more emergency price increases to boost stocks. An examination of board papers by The BMJ has found ...

We study the benchmark independent private value auction setting when bidders have endogenously determined budgets. Before bidding, a bidder decides how much money she will borrow. Bidders incur a cost to borrowing. We show that bidders are indifferent between participating in a first-price, second-price and all-pay auction. The all-pay auction gives higher revenue than the first-price auction,...

People consume and rate products in online shopping websites. The historical purchases of customers reflect their personal consumption habits and indicate their future shopping behaviors. Traditional preference-based recommender systems try to provide recommendations by analyzing users’ feedback such as ratings and clicks. But unfortunately, most of the existing recommendation algorithms ignore...

We study multidimensional mechanism design in a common scenario where players have private information about their willingness to pay and their ability to pay. We provide a complete characterization of dominant-strategy incentive-compatible direct mechanisms where overreporting the budget is not possible. In several settings, reporting larger budgets can be made suboptimal with a small randomiz...

Vol. XLIX (February 2012), 1 –14 *Ashwin Aravindakshan is Assistant Professor of Marketing (e-mail: aaravind@ ucdavis.edu), and Prasad A. Naik is Professor of Marketing (e-mail: [email protected]), Graduate School of Management, University of California, Davis. Kay Peters is a postdoctoral student, Center for Interactive Marketing and Media Management, Institute for Marketing, University of Mu...

Disclaimer The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle'...