8,302 research outputs found
Production Risk and the Functional Distribution of Income in a Developing Economy: Tradeoffs and Policy Responses
MEAT-PACKER CONDUCT IN FED CATTLE PRICING: MULTIPLE-MARKET OLIGOPSONY POWER
The exercise of market power across multiple geographic fed cattle markets is measured with an econometric model which links behavior of the margin between boxed beef and regional fed cattle prices to an oligopsony model of multiple-market conduct. The game theoretic economic model suggests that for market power to be exercised in a single market a discontinuous pricing strategy must be followed. Total market power is enhance if meat-packers coordinate this pricing strategy across geographic markets. Tests reject independence of pricing conduct across geographic markets which suggests multiple-market power is present. The extent of the market power also is consistent with the economic model. More market power is exercised across regions with the same meat-packing firms. However, the magnitude of the market power is small and decreased between the early and late 1980s.Demand and Price Analysis,
Joint Access Point Selection and Power Allocation for Uplink Wireless Networks
We consider the distributed uplink resource allocation problem in a
multi-carrier wireless network with multiple access points (APs). Each mobile
user can optimize its own transmission rate by selecting a suitable AP and by
controlling its transmit power. Our objective is to devise suitable algorithms
by which mobile users can jointly perform these tasks in a distributed manner.
Our approach relies on a game theoretic formulation of the joint power control
and AP selection problem. In the proposed game, each user is a player with an
associated strategy containing a discrete variable (the AP selection decision)
and a continuous vector (the power allocation among multiple channels). We
provide characterizations of the Nash Equilibrium of the proposed game, and
present a set of novel algorithms that allow the users to efficiently optimize
their rates. Finally, we study the properties of the proposed algorithms as
well as their performance via extensive simulations.Comment: Revised and Resubmitted to IEEE Transactions on Signal Processin
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