Is the second best outcome of static agency models renegotiation proof? In models with one period of renegotiation, Fudenberg and Tirole (1990) answer no when the principal makes the offer, while Ma (1994) and Matthews (1995) answer yes when the agent makes the offer. This paper analyzes the robustness of these two claims when there are more periods of renegotiation. With a known number of peri...

We consider a problem faced by a procurement manager who needs to purchase a large volume of multiple items over multiple periods from multiple suppliers that provide base prices and discounts. Discounts are contingent on meeting various conditions on total volume or spend, and some are tied to future realizations of random events that can be mutually verified. We formulate a scenario-based mul...

We introduce a traffic routing problem over an extended planning horizon that appears in geosynchronous satellite networks. Unlike terrestrial (e.g., fiber optic) networks, routing on a satellite network is not transparent to the customers. As a result, a route change is associated with significant monetary penalties that are usually in the form of discounts (up to 40%) offered by the satellite...

In the psychological refractory period (PRP) paradigm, two unmasked targets are presented, each of which requires a speeded response. Response times to the second target (T2) are slowed when T2 is presented shortly after the first target (T1). Electrophysiological studies have previously shown that the P3 event-related potential component is not delayed during T2 response slowing in the PRP par...

Psychologists often dismiss introspection as an inappropriate measure, yet subjects readily volunteer detailed descriptions of the time and effort that they spent on a task. Are such reports really so inaccurate? We asked subjects to perform a psychological refractory period experiment followed by extensive quantified introspection. On each trial, just after their objective responses, subjects ...

Psychological research has documented again and again marked performance decrements whenever humans perform 2 or more tasks at the same time. In fact, the available evidence seems to suggest that any type of behavior is subject to such limitations. The present experiments employed the psychological refractory period (PRP) paradigm to identify a clear exception to this rule: Unconditioned reflex...

The goal of the present experiment was to test the predictions of Central Bottleneck and Central Capacity Sharing models. According to the Central Bottleneck model, dual task interference, as observed in the PRP paradigm, is caused by an all-or-none bottleneck in information processing. The Central Capacity Sharing model postulates that dual task interference is caused by a capacity limited pro...

We construct embedded closed minimal surfaces in the round three-sphere S(1), resembling two parallel copies of the Clifford torus, joined by m small catenoidal bridges symmetrically arranged along a square lattice of points on the torus.