The LTE technology offers versatile mobile services that use different numbers of resources. This enables operators to provide subscribers or users with differential quality of service (QoS) to boost their satisfaction. On one hand, LTE operators need to price the resources high for maximizing their profits. On the other hand, pricing also needs to consider user satisfaction with allocated reso...

Political scientists, economists, and legal scholars have been debating corporate social responsibility for decades.1 To that end, the financial crisis, fraud relating to Enron and Worldcom, Occupy Wall Street, and even the 2016 presidential primary debates all raise attention and concern about what corporate social responsibility is and should be in the United States. The traditional view, the...

This paper proposes a measure to quantify the value of cooperation experienced by a firm. Using a ”reverse” merger simulation approach, the percentage of a firm’s profits due to cooperation can be precisely determined. This is accomplished by considering the profit maximizing dynamics of firms in the market as defining a value function of a coalition game. A simple example illustrates the ideas.

The vendor location problem is the problem of locating a given number of vendors and determining the number of vehicles and the service zones necessary for each vendor to achieve at least a given profit. We consider two versions of the problem with different objectives: maximizing the total profit and maximizing the demand covered. The demand and profit generated by a demand point are functions...

Data mining models often carry the final objective of maximizing profit or minimizing cost. This problem becomes even more profound in financial applications that can have multiple constraints, such as interest rate, score cut-off, and the loan amount to allocate. In this paper, we present a pricing framework for discovering the total profit from a probabilistic model, given a benefit function.

Firms spend considerable amounts on socially responsible business practices. These expenditures are often seen as an indirect form of profit maximization or a perquisite of the manager at shareholder expense. We offer a more direct explanation. Since shareholders enjoy both consumption and private benefits from public goods, managers acting on their behalf will (1) provision more public goods t...

In this research we examine the ability of West’s bubble test [1] in detecting speculative bubbles using Brock’s (1982) [2] intertemporal general equilibrium model of asset pricing as the basis for a simulation study. In this setting, (1) the economy, by construction is efficient and produces the maximally possible amount of welfare for society, and (2) asset prices reflect the utility-maximizi...