Intermediate microeconomics : A modern approach
Citations
96 citations
Cites background or methods from "Intermediate microeconomics : A mod..."
...DD’ is the isorevenue function representing the price information (Varian, 1987) of the hotels....
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...Moreover, we also rely on microeconomics, Varian (1987), to choose outputs and inputs....
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96 citations
Cites background or methods from "Intermediate microeconomics : A mod..."
...Such a scheme is referred as an auction [9]....
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...Our control approach falls square in between centralized and distributed architectures, and it is motivated and developed by exploiting parallels in dual decomposition methods in optimization [8], auctions in markets [9], mean field control [10], as well as classic AGC [2]....
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...Market mechanism [9]: The control scheme in (17)–(18) corresponds to an auction mechanism, where the accumulated frequency error in (17) serves as pricing signal....
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93 citations
93 citations
93 citations