All-Pay Auctions with Handicaps

An all-pay auction in which the winner is determined according to the sum of the bid and the handicap, the latter of which is endowed to the players, is analyzed. The bidding strategy in an equilibrium is explicitly derived as a "piecewise affine transformation" of the equilibrium strategy in the all-pay auction without handicaps. Allocation rule implemented in the equilibrium and revenue comparison are also discussed.

Efficiency versus Economy of Time in Multi-Unit Descending Auction: The Role of "Mari"at Flower Markets in Japan

The auctioning rule in Japanese flower markets is a slightly modified version of that of the original Dutch flower auction. At Japanese flower markets, there is an additional stage, called "mari", where buyers who lost in the previous auction can apply for purchasing the remainder of flowers at the same price as in the previous auction. We investigate the role of "mari" in multi-unit descending auction, and show that "mari" extensively speeds up the market procedure at the cost of sufficiently small loss of efficiency, compared to the original Dutch sequential auction.

Efficiency versus economy of time in multi-unit descending auction: The role of 'mari' at flower markets in Japan

The auctioning rule in Japanese flower markets is a slightly modi-fied version of that of the original Dutch flower auction. At Japaneseflower markets, there is an additional stage, called 'mari', where buyers who lost in the previous auction can apply for purchasing the remainder of flowers at the same price as in the previous auction. We investigate the role of 'mari' in multi-unit descending auction, and show that 'mari' extensively speeds up the market procedure at the cost of sufficiently small loss of efficiency, compared to the original Dutch sequential auction

All-pay auctions with handicaps

This paper analyzes an all-pay auction where the winner is determined according to the sum of the bid and a handicap endowed to all players. The bidding strategy in equilibrium is then explicitly derived as a 'piecewise affine transformation' of the equilibrium strategy in an all-pay auction without handicaps. The paper also discusses the allocation rule implemented in the equilibrium and provides a comparison of revenue

Photochromic Intercalation Compounds

Photochromism of intercalation compounds has been investigated so far. Starting from fundamental studies on the photochromic reactions of the dyes in the presence of layered materials, the precise design of the nanostructures of intercalation compounds toward controlled photochemical reactions and the creation of novel photoresponsive supramolecular systems based on layered solids have been a topic of interests. Various layered materials with different surface chemistries have been used as hosts for the controlled orientation, and aggregation of the intercalated dyes and the states of the intercalated guests affected photoresponses. Molecular design of the photochromic dyes has also been conducted in order to organize them on layered solids with the desired manner. On the other hand, layered solids with such functions as semiconducting and magnetic have been examined to host photochromic dyes for the photoresponsive changes in the materials' properties.ArticlePHOTOFUNCTIONAL LAYERED MATERIALS. 166: 177-211 (2015)journal articl

Prediction of fetal acidemia in placental abruption

BACKGROUND: To determine the major predictive factors for fetal acidemia in placental abruption. METHODS: A retrospective review of pregnancies with placental abruption was performed using a logistic regression model. Fetal acidemia was defined as a pH of less than 7.0 in umbilical artery. The severe abruption score, which was derived from a linear discriminant function, was calculated to determine the probability of fetal acidemia. RESULTS: Fetal acidemia was seen in 43 survivors (43/222, 19%). A logistic regression model showed bradycardia (OR (odds ratio) 50.34, 95% CI 11.07 – 228.93), and late decelerations (OR 15.13, 3.05 – 74.97), but not abnormal ultrasonographic findings were to be associated with the occurrence of fetal acidemia. The severe abruption score was calculated for the occurrence of fetal acidemia, using 6 items including vaginal bleeding, gestational age, abdominal pain, abnormal ultrasonographic finding, late decelerations, and bradycardia. CONCLUSIONS: An abnormal FHR pattern, especially bradycardia is the most significant risk factor in placental abruption predicting fetal acidemia, regardless of the presence of abnormal ultrasonographic findings or gestational age