Comparative Statics, English Auctions, and the Stolper-Samuelson Theorem

Changes in the parameters of an $n$-dimensional system of equations induce changes in its solutions. For a class of such systems, we determine the qualitative change in solutions given certain qualitative changes in parameters. Our methods and results are elementary yet useful. They highlight the existence of a common thread, our ``own effect'' assumption, in formally diverse areas of economics. We discuss several applications; among them, we establish the existence of efficient equilibria in English auctions with interdependent valuations, and a version of the Stolper-Samuelson Theorem for an $n \times n$ trade model.effficient auctions, international trade theory, implicit function theorem

English auctions and the Stolper-Samuelson theorem

We prove that the English auction (with bidders that need not be ex ante identical and may have interdependent valuations) has an efficient ex post equilibrium. We establish this result for environments where it has not been previously obtained. We also prove two versions of the Stolper-Samuelson theorem, one for economies with n goods and n factors, and one for non-square economies. Similar assumptions and methods underlie these seemingly unrelated results.English auctions, Stolper-Samuelson, single crossing

Engine Technologies for Reduction of Fuel Consumption and Pollutant Emissions in Light-Duty Diesel Engines

L'abstract è presente nell'allegato / the abstract is in the attachmen

New Paradigms for a Sustainable Well-Being

The achievement of the "food safety" is strictly linked to the enterprises and their production capacity. But it is equally important for the achievement of a new sustainability the role played by the markets - financials and commodities ones -, as well as by their operators, particularly to commercial, financial and credit intermediaries. The "farm crisis" is based , therefore, on effectively agricultural and environmental, but also economic and markets questions. The present work aims to represent an attempt to extend the scientific research on new paradigms of sustainable well-being to variables since here, at least in part, neglected, or still considered prejudicially harmful, with respect to environmental issues. Thus, it seeks to investigate especially the economic dimension of sustainable well-being, with reference to the financial market and its rules, as well as to the foodstuffs market and the rules for the formation of the price of the latter

Approximate Revenue Maximization with Multiple Items

Maximizing the revenue from selling _more than one_ good (or item) to a single buyer is a notoriously difficult problem, in stark contrast to the one-good case. For two goods, we show that simple "one-dimensional" mechanisms, such as selling the goods separately, _guarantee_ at least 73% of the optimal revenue when the valuations of the two goods are independent and identically distributed, and at least $50\%$ when they are independent. For the case of $k>2$ independent goods, we show that selling them separately guarantees at least a $c/\log^2 k$ fraction of the optimal revenue; and, for independent and identically distributed goods, we show that selling them as one bundle guarantees at least a $c/\log k$ fraction of the optimal revenue. Additional results compare the revenues from the two simple mechanisms of selling the goods separately and bundled, identify situations where bundling is optimal, and extend the analysis to multiple buyers.Comment: Presented in ACM EC conference, 201

Sampling and Representation Complexity of Revenue Maximization

We consider (approximate) revenue maximization in auctions where the distribution on input valuations is given via "black box" access to samples from the distribution. We observe that the number of samples required -- the sample complexity -- is tightly related to the representation complexity of an approximately revenue-maximizing auction. Our main results are upper bounds and an exponential lower bound on these complexities

Optimal Pricing Is Hard

We show that computing the revenue-optimal deterministic auction in unit-demand single-buyer Bayesian settings, i.e. the optimal item-pricing, is computationally hard even in single-item settings where the buyer’s value distribution is a sum of independently distributed attributes, or multi-item settings where the buyer’s values for the items are independent. We also show that it is intractable to optimally price the grand bundle of multiple items for an additive bidder whose values for the items are independent. These difficulties stem from implicit definitions of a value distribution. We provide three instances of how different properties of implicit distributions can lead to intractability: the first is a #P-hardness proof, while the remaining two are reductions from the SQRT-SUM problem of Garey, Graham, and Johnson [14]. While simple pricing schemes can oftentimes approximate the best scheme in revenue, they can have drastically different underlying structure. We argue therefore that either the specification of the input distribution must be highly restricted in format, or it is necessary for the goal to be mere approximation to the optimal scheme’s revenue instead of computing properties of the scheme itself.Microsoft Research (Fellowship)Alfred P. Sloan Foundation (Fellowship)National Science Foundation (U.S.) (CAREER Award CCF-0953960)National Science Foundation (U.S.) (Award CCF-1101491)Hertz Foundation (Daniel Stroock Fellowship

The Employment Crisis and Green Orientation in Agriculture: New Educational Models

Abstract This paper will address to the subject relating to the employment emergency and will analyze which are the conditions that can foster a green shared orientation among all stakeholders in the food system. So they can help to identify ways to solve this dramatic emergency. The study will be divided into three phases: 1. desk analysis on review of current training professional profiles green oriented; 2. evaluation of green employment, labor market and the current training system, with particular reference to the gap between the needs of businesses and provision of training in the sector; 3. thoughts on new green oriented professional profiles and the necessary training. The result will provide a first assessment of the state of art concerning this fundamental condition for the development of a green society

Utilization of Hydrotreated Vegetable Oil (HVO) in a Euro 6 Dual-Loop EGR Diesel Engine: Behavior as a Drop-In Fuel and Potentialities along Calibration Parameter Sweeps

This study examines the effects on combustion, engine performance and exhaust pollutant emissions of a modern Euro 6, dual-loop EGR, compression ignition engine running on regular EN590-compliant diesel and hydrotreated vegetable oil (HVO). First, the potential of HVO as a "drop-in" fuel, i.e., without changes to the original, baseline diesel-oriented calibration, was highlighted and compared to regular diesel results. This showed how the use of HVO can reduce engine-out emissions of soot (by up to 67%), HC and CO (by up to 40%), while NOx levels remain relatively unchanged. Fuel consumption was also reduced, by about 3%, and slightly lower combustion noise levels were detected, too. HVO has a lower viscosity and a higher cetane number than diesel. Since these parameters have a significant impact on mixture formation and the subsequent combustion process, an engine pre-calibrated for regular diesel fuel could not fully exploit the potential of another sustainable fuel. Therefore, the effects of the most influential calibration parameters available on the tested engine platform, i.e., high-pressure and low-pressure EGR, fuel injection pressure, main injection timing, pilot quantity and dwell-time, were analyzed along single-parameter sweeps. The substantial reduction in engine-out soot, HC and CO levels brought about by HVO could give the possibility to implement additional measures to limit NOx emissions, combustion noise and/or fuel consumption compared to diesel. For example, higher proportion of LP EGR and/or smaller pilot quantity could be exploited with HVO, at low load, to reduce NOx emissions to a greater extent than diesel, without incurring penalties in terms of incomplete combustion species. Conversely, at higher load, delayed main injection timings and reduced rail pressure could reduce combustion noise without exceeding soot levels of the baseline diesel case