Abstract: From the perspective of user experience, when optimizing resource provisioning in networks, we have to maximize social utility, which is an abstraction of what users can obtain from the ...
Economists have developed different types of models describing the interaction of agents in markets. Early models in general equilibrium theory describe agents taking prices as given and do not ...
Abstract: In this work, we focus on solving non-smooth non-convex maximization problems in multi-group multicast transmission. By leveraging Karush-Kuhn-Tucker (KKT) optimality conditions, we ...
This study constructs a two-sector two-class economic growth model to analyze an economy described in Marx’s Capital, where only the capitalist owns the means of production and maximizes the surplus ...
Green building projects (GBPs) involve multiple interdependent stakeholders, whose individual and separate concerns have different degrees of impact on sustainability management. These concerns are ...
Read the Reflection, written 25 August 2021, below the following original Transmission. Under normal circumstances, most goods and services are produced, bought, and sold through free markets. But in ...
Designing an incentive compatible auction that maximizes expected revenue is an intricate task. The single-item case was resolved in a seminal piece of work by Myerson in 1981. Even after 30–40 years ...
In this article we provide a short survey on continuous-time portfolio selection. We explain the pioneering contribution of Merton and the use of dynamic programming. Then, we discuss Bismut's ...