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Full-Text Articles in Other Economics

The Business Of Beds: An Exploration Of Hotel And Hostel Business Strategy, Robert B. Bunda May 2014

The Business Of Beds: An Exploration Of Hotel And Hostel Business Strategy, Robert B. Bunda

Honors Scholar Theses

At their cores, hotels and hostels are similar in that they provide a place for travelers to stay. Despite this core similarity, the structures of the two industries are radically different. The hotel industry began in the Middle Ages and has given rise to massive multinational companies, many managing more than four thousand hotels. In stark contrast, the hostel industry began in 1909 and is mostly comprised of independently owned and operated guesthouses, with the largest global chain comprising of less than twenty properties. This study first defines the hotel and hostel industries and examines the different experiences they offer ...


The Insignificance Of Proxy Access, Marcel Kahan, Edward B. Rock Jan 2011

The Insignificance Of Proxy Access, Marcel Kahan, Edward B. Rock

Faculty Scholarship at Penn Law

No abstract provided.


Dynamic Pricing Without Knowing The Demand Function: Risk Bounds And Near-Optimal Algorithms, Omar Besbes, Assaf Zeevi Nov 2009

Dynamic Pricing Without Knowing The Demand Function: Risk Bounds And Near-Optimal Algorithms, Omar Besbes, Assaf Zeevi

Operations, Information and Decisions Papers

We consider a single-product revenue management problem where, given an initial inventory, the objective is to dynamically adjust prices over a finite sales horizon to maximize expected revenues. Realized demand is observed over time, but the underlying functional relationship between price and mean demand rate that governs these observations (otherwise known as the demand function or demand curve) is not known. We consider two instances of this problem: (i) a setting where the demand function is assumed to belong to a known parametric family with unknown parameter values; and (ii) a setting where the demand function is assumed to belong ...


Corporate Control Transactions: Introduction, Edward B. Rock, Michael L. Wachter Jan 2003

Corporate Control Transactions: Introduction, Edward B. Rock, Michael L. Wachter

Faculty Scholarship at Penn Law

No abstract provided.


Islands Of Conscious Power: Law, Norms, And The Self-Governing Corporation, Edward B. Rock, Michael L. Wachter Jan 2001

Islands Of Conscious Power: Law, Norms, And The Self-Governing Corporation, Edward B. Rock, Michael L. Wachter

Faculty Scholarship at Penn Law

No abstract provided.


Norms & Corporate Law: Introduction, Edward B. Rock, Michael L. Wachter Jan 2001

Norms & Corporate Law: Introduction, Edward B. Rock, Michael L. Wachter

Faculty Scholarship at Penn Law

No abstract provided.


Publish Or Perish, Gideon Parchomovsky Feb 2000

Publish Or Perish, Gideon Parchomovsky

Faculty Scholarship at Penn Law

No abstract provided.


The Economics Of Yield-Driven Processes, Roger E. Bohn, Christian Terwiesch Dec 1999

The Economics Of Yield-Driven Processes, Roger E. Bohn, Christian Terwiesch

Operations, Information and Decisions Papers

The economic performance of many modern production processes is substantially influenced by process yields. Their first effect is on product cost — in some cases, low-yields can cause costs to double or worse. Yet measuring only costs can substantially underestimate the importance of yield improvement. We show that yields are especially important in periods of constrained capacity, such as new product ramp-up. Our analysis is illustrated with numerical examples taken from hard disk drive manufacturing. A three percentage point increase in yields can be worth about 6% of gross revenue and 17% of contribution. In fact, an eight percentage point improvement ...


An Evolutionary Trade Network Game With Preferential Partner Selection, Leigh Tesfatsion Feb 1996

An Evolutionary Trade Network Game With Preferential Partner Selection, Leigh Tesfatsion

ISU Economic Report Series

An evolutionary trade network game (TNG) is proposed for studying the interplay between evolutionary game dynamics and preferential partner selection in various market contexts with distributed adaptive agents. The modular form of the TNG facilitates experimentation with alternative specifications for trade partner matching, trading, expectation updating, and trade strategy evolution. Experimental results obtained using a C-t-f implementation suggest that the conventional optimal properties used to evaluate agent matching mechanisms in static market contexts may be in an equate measures of optimal from an evolutionary perspective.


Inflation, Recession, And Stagflation, Gerald P. O'Driscoll Jr., Sudha R. Shenoy Dec 1974

Inflation, Recession, And Stagflation, Gerald P. O'Driscoll Jr., Sudha R. Shenoy

Economic Staff Paper Series

We begin'by referring to what is possible the major macroeconomic problem - both for analysis and for policy - facing the Western economics today; namely, the reasons why the supposedly mild inflations of the two decades following the Second World War, have now turned into the far more intractable "stagflation" besetting theorist and policy-maker alike.