scholarly journals THE “WIN-CONTINUE, LOSE-REVERSE” RULE IN OLIGOPOLIES: ROBUSTNESS OF COLLUSIVE OUTCOMES

2015 ◽  
Vol 18 (05n06) ◽  
pp. 1550013
Author(s):  
SEGISMUNDO S. IZQUIERDO ◽  
LUIS R. IZQUIERDO
Keyword(s):  
Nash Equilibrium ◽  
Iterative Procedure ◽  
The Other ◽  
Simple Rule ◽  
Production Level ◽  
Price Variation ◽  
A Value ◽  
Bertrand Model ◽  
The One ◽  
The Cost

The so-called “Win-Continue, Lose-Reverse” (WCLR) rule is a simple iterative procedure that can be used to choose a value for any numeric variable (e.g., setting a price or a production level). The rule dictates that one should evaluate the effect on profits of the last adjustment made to the value (e.g., a price variation), and keep on changing the value in the same direction if the adjustment led to greater profits, or reverse the direction of change otherwise. Somewhat surprisingly, this simple rule has been shown to lead to collusive outcomes in Cournot oligopolies, even though its application requires no information about the other firms’ profits or choices. In this paper, we show that the convergence of the WCLR rule toward collusive outcomes can be very sensitive to small independent perturbations in the cost functions or in the income functions of the firms. These perturbations typically push the process toward the Nash equilibrium of the one-shot game. We also explore the behavior of WCLR against other strategies and demonstrate that WCLR is easily exploitable. We then conduct a similar analysis of the WCLR rule in a differentiated Bertrand model, where firms compete in prices.

The ‘Pistola’ of Cerveri de Girona

Traditio ◽  
1948 ◽  
Vol 6 ◽  
pp. 161-185
Author(s):  
Kurt Lewent
Keyword(s):  
The Other ◽  
Love Affair ◽  
Other Hand ◽  
Good Taste ◽  
Moral Argumentation ◽  
The Subject ◽  
Way Of Thinking ◽  
The One ◽  
The Cost ◽  
Troubadour Poetry

Cerveri was decidedly no poetical genius, and often enough he follows the trodden paths of troubadour poetry. However, there is no denying that again and again he tries to escape that poetical routine. In many cases these attempts result in odd and eccentric compositions, where the unusual is reached at the cost of good taste and poetical values. On the other hand, it must be admitted that Cerveri's efforts in this respect were not always futile. His is, e.g. an amusing satire upon bad women. One of his love songs, characteristically called libel by the MS (Sg), assumes the form of a complaint submitted to the king as the supreme earthly judge, in which the defendant is the lady whose charms torture the lover and have made him a prisoner. This poem combines the traditional praise of the beloved and a flattery addressed to the king. Its slightly humoristic tone is also found in a song entitled lo vers del vassayll leyal. Here Cerveri, basing himself on a certain legend connected with St. Mark, gives the king advice in his love affair. Again the poet kills two birds with one stone, flattering the sovereign and pointing, for obvious purposes, to his own poverty. The latter is the only topic of a remarkably personal poem in which the author complains bitterly that, while many of his playmates have become rich in later years, the only wealth he himself did amass were the chans gays and sonetz agradans which he composed for other people to enjoy. Cerveri even tries to renew the traditional genre of the chanson de la mal mariée by adding motifs of—presumably—his own invention. This tendency towards a more independent way of thinking and greater originality in its poetical presentation could not be better illustrated than by the two poems which the MS calls Lo vers de la terra de Preste Johan and Pistola The one puts the poet's moral argumentation against the background of the medieval legend of Prester John, the other, which forms the subject of the present study, sets its teachings in a still more solemn framework, the liturgy of the Mass.

information. How do produced quantities influence the costs per unit? How can costs, calculated at different times, be compared? What is the best way to distribute the overheads? etc.. .. After the setting up of the accounting system, a long process of maturation began. This is evident, on the one hand, from the discussions of the Board of Directors and, on the other hand from the differences between the two sets of accounts approved by the Board of Directors in 1832 and 1872. The structure of the Com­ pany evolved considerably between 1832 and 1880: two mergers occurred, the first one in 1858 with Saint-Quirin, a glass manufac­ turer, and the second one in 1872 with Perret-Olivier, whose fields of activity were mining and chemistry. After the second merger, the sales figures for chemistry outstripped the sales of glass and mirrors and during this time the Company had grown to include 16 branches in France and Germany. DISCUSSIONS ON INDUSTRIAL ACCOUNTING All the questions dealing with the setting up of a management accounting system were discussed by the Boards of Directors. In most cases, the solutions were only practical ones. There never seemed any intent or desire by the Company to make any theory or any generalization of those practical solutions. Direct and indirect costs. The distinction between direct and indirect cost was made first in 1829 with regards to labor charges.9 Salaries, of which a comprehensive list is given above, will be separated into two groups: 1) Those concerning directly and specially with the manufacturing process. 2) Those concerning administration. At the end of the year, the former will be divided and included in the suitable items of expenses; then the latter will be included in the overheads. However, direct labor is likely to have included only the wages of workers having a permanent job, and excluded those of the day laborer, which are by their very nature fluctuating. In the soda factory, the majority of workers were day laborers, thus making it difficult to estimate precisely the ratio between direct and indirect labor charges. Production level and cost per unit. In the previously quoted chief accountant’s report concerning the financial year 1827-1828,

2014 ◽  
pp. 259-259
Keyword(s):  
Board Of Directors ◽  
Boards Of Directors ◽  
Indirect Costs ◽  
The Other ◽  
Production Level ◽  
Accounting System ◽  
Direct And Indirect Costs ◽  
System A ◽  
The Board Of Directors ◽  
The One

Expressions

1994 ◽  
Author(s):  
Douglas Schenck ◽  
Peter Wilson
Keyword(s):  
Correct Answer ◽  
Partial Evaluation ◽  
The Other ◽  
Complete Evaluation ◽  
A Value ◽  
Null Value ◽  
Evaluation Exercise ◽  
The One ◽  
Expected Evaluation

Expressions are combinations of operators and operands which are evaluated to produce a value of a specific type. Infix operators require two operands with an operator written between them. A prefix operator requires one operand with an operator written before it. (The expression syntax starts on page 208.) Evaluation proceeds from left to right, governed by the precedence of the operators. The lowest numbered precedence as shown in Table 14.1 is evaluated first. Operators in the same row have the same precedence. Expressions enclosed by parentheses are evaluated before being treated as a single operand. An operand between two operators of different precedence is bound to the operator with the higher one; e.g., −10*20 means (−10)*20. An operand between two operators of the same precedence is bound to the one on the left; e.g., 10/20 * 30 means (10/20) * 30. Exercise 14.1 Work out the intermediate steps for this expression: … −2/(4+4)*5+6… When a null value is encountered in an expression where a non-null is expected, evaluation is short circuited and a null answer is produced. Otherwise, all expressions are fully evaluated even when the outcome is known after partial evaluation. Exercise 14.2 Can you think of an expression that does not require complete evaluation to get the correct answer? The operands of an operator must be compatible with the operator and with each other. Operands can be compatible without having identical types and are compatible when any of these conditions are satisfied: • The types are the same. • One type is a subtype of the other (e.g., one is a number and the other is an integer. • Both types are strings. • Both types are binaries. • Both types are arrays which have compatible base types and identical bounds. • Both types are bags which have compatible base types. • Both types are lists which have compatible base types. • Both types are sets which have compatible base types. Operations are organized by the kind of result they produce, namely: numeric, boolean or logical, string or binary, or aggregate.

Music as a Form of Cultural Dialogue: The Case of Ravi Shankar

2015 ◽  
Vol 23 (3) ◽  
pp. 439-453 ◽  
Author(s):  
Rajeev S. Patke
Keyword(s):  
The Other ◽  
North India ◽  
Cultural Contexts ◽  
Musical Tradition ◽  
Musical Traditions ◽  
Cultural Dialogue ◽  
The One ◽  
The Cost ◽  
Partial Success

The paper explores the notion of cultural dialogue in terms of a specific application: the contributions made by the sitar music of the Indian musician Ravi Shankar to the setting up of a conversation between the musical traditions of North India and their reception and partial assimilation by largely Western audiences. A survey of Shankar’s career, contextualized by a more general discussion of the problems and challenges encountered in bringing the musical conventions of one tradition into conversation with the musical expectations and assumptions of another culture leads to the conclusion that what Shankar achieved, over a lifetime of creativity and musical fusion, was a partial success: on the one hand, it disseminated the auratic aspects of this musical tradition to a wide global audience; but on the other, it did so at the cost measured by purists in terms of a simplification or dilution of the music as practised in its original cultural contexts.

scholarly journals Immigration, Humanity, and Morality

2019 ◽  
Vol 2 (1) ◽  
pp. 21-33 ◽  
Author(s):  
Sunday Adeniyi Fasoro
Keyword(s):  
Political Theory ◽  
The Other ◽  
Moral Principles ◽  
A Value ◽  
The Earth ◽  
Other Hand ◽  
Common Ownership ◽  
Vulnerable People ◽  
The Common ◽  
The One

AbstractThe trend toward the concept of humanity in political theory has arisen largely as a reaction against the mistreatment of vulnerable people such as immigrants. The issue of immigrants’ vulnerability has led political thinkers to ponder on how to apply the principle of humanity to the question of the treatment of immigrants. I would like to address this matter by examining two questions: what is humanity, is it a value property, or a virtue? Does it really matter if the means by which an immigrant immigrates is demeaning to his own humanity as a person? The most common or intuitive reply to these questions would probably be: ‘humanity’ is simply a value-bestowing property, so regardless of immigrants’ actions they are owed respectful treatment. The aim of this paper is to emphasise instead that ‘humanity’ should be conceived as a virtue of actual commitment to act on moral principles. I explore three different meanings of humanity. First, I discuss ‘humanity’ as the common ownership of the earth. Second, I discuss ‘humanity’ as a value property. Third, I discuss humanity as a virtue of acting, on the one hand, with humanity, and on the other hand, on moral principles.

scholarly journals Study of the resistance, porosity, and migration of chloride ions of BAPbased crushing sand

2018 ◽  
Vol 149 ◽  
pp. 01093
Author(s):  
Benyamina Smain ◽  
Siham Kamali-Bernard ◽  
Kenai Said ◽  
Menadi Belkacem
Keyword(s):  
Compressive Strength ◽  
Physical And Mechanical Properties ◽  
Chloride Ions ◽  
The Other ◽  
High Demand ◽  
Alternative Source ◽  
And Migration ◽  
The One ◽  
The Cost ◽  
Limestone Fines

Self-compacting concretes (SCC), are hyper-fluid concretes, placed without vibration and are considered as one of the most important innovations of the last decade in construction. SCCs offer many advantages, due to their exceptional characteristics of flow and filling of formwork. Their compositions require a large quantity of fines in order to limit bleeding and segregation. Hence, the use of crushed sand (SC), rich in limestone fines (CF) in the manufacture of self-placing concretes (SCC), can be considered as an alternative source of fillers. These sands reduce the cost of SCC by reducing the high demand for fillers on the one hand and on the other hand, obtaining SCC with good physical and mechanical properties. The main purpose of this paper is to examine the effect of different percentages (0, 5, 10, 15, and 20%) of (CF) in crushed sand on SCC performance. The evolution of the compressive strength, the porosity accessible to water and the migration coefficient of the chloride ions were evaluated. The Okamura method was used for the formulation of all SCC mixtures. Sand/mortar (S/M), water/cement (W / C) ratios and superplasticizer content were kept constant. The results show that (CF) reduce the compressive strength but contribute to the reduction of porosity and migration of chloride ions.

scholarly journals Working-Class Standards of living in Three Lancashire Towns, 1890–1914

1982 ◽  
Vol 27 (1) ◽  
pp. 43-65 ◽  
Author(s):  
Elizabeth Roberts
Keyword(s):  
Working Class ◽  
Theoretical Models ◽  
Poverty Line ◽  
The Other ◽  
Real Wages ◽  
Wage Rates ◽  
Standards Of Living ◽  
Employment Of Women ◽  
The One ◽  
The Cost

This article examines some aspects of working-class standards of living in three Lancashire towns, Barrow-in-Furness, Lancaster and Preston, in the period 1890 to 1914. By looking on one hand at a number of externally determined factors, such as real wages and the cost of living, and on the other at the strategies with which the working-class families attempted to maximise their standards of living, an assessment is made of the relative success of these various strategies, particularly at periods when wages were on or below the poverty line. Particular stress is laid on evidence from Preston, in part because it has not previously been reported, but also because there appear to be a number of significant variations between Preston on the one hand, and Barrow and Lancaster on the other, when placed in apparently similar intrinsic conditions and in comparatively close geographical proximity to each other. These variations underline the extent to which generalisations derived principally from statistical data may be misleading, and also the importance of looking at individual discrete communities before relying on theoretical models of the relationship between, for example, income from primary employment and standards of living. If it is possible to demonstrate that working-class people in some towns were more successful than their near neighbours in combating poverty, we need to identify the reasons for these differences. Factors discussed include the economy of Preston compared with Barrow and Lancaster, comparisons of wage rates, the employment of women and its effects, and diets (including the use of allotments), the effects of drinking, as well as a look at possible negative factors, such as family size, and housing and hygiene.

scholarly journals Cost Estimation of the Models Using Harmony Search

2018 ◽  
Vol 7 (2.32) ◽  
pp. 377
Author(s):  
Dr T. Vijaya Saradhi ◽  
A Lakshmi Pravallika ◽  
M Manoj
Keyword(s):  
Cost Estimation ◽  
Heuristic Algorithms ◽  
Harmony Search ◽  
High Accuracy ◽  
The Other ◽  
Software Project ◽  
Software Cost Estimation ◽  
Software Cost ◽  
The One ◽  
The Cost

To estimate the cost of model accurately on which the software is functioning is one of the most important things in the software project. But due to the varying nature of the software, and complexity, accurate cost estimation of software has become difficult. Ascertaining the cost of the software at the beginning stage is helpful for designing the other activities of software development. Former estimation of the needed exertion to Creating programming need benefited the advancement acknowledging those provision about Meta heuristic streamlining calculations. These calculations need aid possibility and might a chance to be connected Likewise functional devices for programming expense estimation. In the recent times Meta- heuristic algorithms with high accuracy have brought a great improvement in the field of the software engineering. In this paper we have discussed about the one of the algorithm which help in software cost estimation which is Harmony Search.  

scholarly journals SISTEM NILAI PELA SEBAGAI MODAL SOSIAL DALAM RANGKA PENGUATAN KEBANGSAAN PADA BASIS LOKAL DI MALUKU

2020 ◽  
Vol 2 (1) ◽  
pp. 11-28
Author(s):  
Max Maswekan
Keyword(s):  
Social Capital ◽  
Social Cohesion ◽  
Social System ◽  
Regional Level ◽  
The Other ◽  
Potential Conflict ◽  
Value System ◽  
A Value ◽  
Other Hand ◽  
The One

Indonesia is a pluralistic country (diverse) in terms of ethnicity, religion, culture, language and social system. This diversity is a blessing that is given as a potential wealth of the nation. On the one hand, this potential can be managed to strengthen nationality and people's welfare, but on the other hand, it can be a potential conflict that can weaken and even solve (disintegration) of nationalism if it is not managed properly. Indonesia has a variety of local wisdom as invaluable social capital. One of them is Pela in Maluku which has a value system that is capable of marching and strengthening (integration) nationalism. The Pela value system has at least four functions that are able to effectively integrate (social cohesion) and strengthen national potential at the local (regional) level, especially in Maluku.

scholarly journals УЧЕТНАЯ СОСТАВЛЯЮЩАЯ ФИНАНСОВЫХ РЕЗУЛЬТАТОВ ПРЕДПРИЯТИЙ ОБЩЕСТВЕННОГО ПИТАНИЯ

2020 ◽  
Author(s):  
A. Kazhmukhametova ◽  
G. Tussibayeva ◽  
B. Akimova ◽  
А.А. Кажмухаметова ◽  
Г.С. Тусибаева ◽  
...  
Keyword(s):  
Economic Activity ◽  
Financial Statements ◽  
The Other ◽  
Disclosure Of Information ◽  
New Type ◽  
Public Catering ◽  
The One ◽  
The Cost

Properly organized operational and accounting records are essential for controlling the formation of financial results. The article reveals a feature of the economic activity of public catering enterprises, which determines the features of accounting. On the one hand, it is intended to reflect the processes of production (cooking), and on the other - the processes of trade (sales). The costs associated with the sale of products and promotion of products on the market, both industrial and commercial enterprises are defined as the cost of circulation. The paper focuses on the classification and accounting of income and expenses in the field of nutrition. Attention is paid to a relatively new type of service as catering, which has been gaining momentum in recent years. The issue of synthetic and analytical accounting of financial results and disclosure of information in financial statements is discussed. Based on the results of the study, the authors recommended reasonable measures to increase profitability and improve accounting for financial results. Важное значение в контроле за формированием финансовых результатов имеет правильно организованный на предприятии их оперативный и бухгалтерский учет. В статье раскрыта особенность хозяйственной деятельности предприятий общественного питания, которая определяет особенности ведения бухгалтерского учета. С одной стороны, он призван отражать процессы производства (приготовление пищи), а с другой - процессы торговли (реализации). Расходы, связанные с реализацией продукции и продвижением на рынке произведенной продукции, и у промышленных, и у торговых предприятий определяют как издержки обращения. В работе акцентировано внимание на классификации, учете доходов и расходов в сфере питания. Уделено внимание сравнительно новому вид услуг как кейтеринг, который в последние годы набирает обороты. Обсужден вопрос синтетического и аналитического учета финансовых результатов, раскрытия информации в финансовй отчетности. По результатам исследования авторами рекомендованы обоснованные мероприятия по повышению доходност и совершенствованию учета финансовых результатов.

Sign in / Sign up

Export Citation Format

Share Document