269 research outputs found

    Incentive compatibility in non-quasi linear environments

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    We derive several implications of incentive compatibility in general (i.e., not necessarily quasilinear) environments. Building on Kos and Messner (2013), we provide a (partial) characterization of incentive compatible mechanisms

    Johannes Messner (1891-1984)

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    Johannes Messner (1891-1984). - In: Zeitgeschichte in Lebensbildern / hrsg. von Jürgen Aretz ... - Mainz : Matthias-Grünewald-Verl. - Bd. 6. (1984). - S. 250- 265, 279 f

    The dual approach to recursive optimization: theory and examples

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    We develop a recursive dual method for solving dynamic economic problems. The method uses a Lagrangian to pair a dynamic recursive economic problem with a dual problem. We show that such dual problems can be recursively decomposed variables. In dynamic contracting and policy settings, the method often replaces an endogenous state space of forward-looking utilities with an exogenously given state space of costates. We provide a principle of optimality for dual problems and give conditions under which the dual Bellman operator is a contraction with the optimal dual value function its unique fixed point. We relate economic problems to their duals, address computational issues and give examples

    The design of ambiguous mechanisms

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    This paper explores the sale of an object to an ambiguity averse buyer. We show that the seller can increase his profit by using an ambiguous mechanism. That is, the seller can benefit from hiding certain features of the mechanism that he has committed to from the agent. We then characterize the profit maximizing mechanisms for the seller and characterize the conditions under which the seller can gain by employing an ambiguous mechanism. Finally, we propose a class of ambiguous mechanisms that are easy to implement and perform better than the best non-ambiguous mechanism

    Los Museos De Montaña De Reinhold Messner Identidad, Turismo Y Sustentabilidad En Los Alpes De Sud Tirol

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    El presente trabajo describe un conjunto de museos de montaña emplazados en los Alpes Orientales y las Dolomitas, analizando su vinculación con la educación para la sustentabilidad, la identidad, el patrimonio cultural y el turismo en Sud Tirol. Se aborda la inserción de los Museos de Montaña en el paisaje tirolés teniendo en cuenta su emplazamiento y su importancia en el desarrollo sustentable de las comunidades que los albergan. La museografía y las colecciones se analizan en función de su papel en la construcción de la identidad regional y en la educación para la valoración y preservación del patrimonio cultural y natural de la montaña, tanto a escala local como universal. Para la realización de esta investigación la autora recorrió seis establecimientos que forman la red de los Messner Mountain Museum (MMM) y mantuvo entrevistas con su director, el Sr. Reinhold Messner, considerado por muchos como el más destacado alpinista de la historia.This paper describes a group of mountain museums set amidst the Eastern Alps and the Dolomites, considering their significance for the cultural identity, heritage education and sustainable tourism in South Tirol. The importance of the Mountain Museums is analyzed in connection to their setting and to the development of the communities in the area. The exhibits are analyzed considering their role in the construction of a regional identity and in the education towards the appreciation and preservation of the natural and cultural heritage of mountains, locally and worldwide. For the purpose of this research, the author visited the six buildings belonging to the net of the Messner Mountain Museum and she conversed with the director, Mr. Reinhold Messner, who is often credited as the most remarkable alpinist in history.Fil: Ceruti, Maria Constanza. Universidad Católica de Salta; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentin

    NeuroCarb : artificial neural networks for NMR structure elucidation of oligosaccharides

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    Recombinant proteins and monoclonal antibodies offer great promise as therapeutics for hundreds of diseases. Today, there are almost 400 biotechnology drugs in development for over 200 different conditions. Many of these drugs are glycoproteins for which the correct glycosylation patterns are important for their structure and function. Achieving and maintaining proper glycosylation is a major challenge in biotechnology manufacturing. Most recombinant therapeutic glycoproteins are produced in living cells. This method is used in an attempt to correctly match the glycosylation patterns found in the natural human form of the protein and achieve optimal in vivo functionality. However, utilizing cell systems to produce glycoproteins requires balancing the cells ability to produce the protein with its ability to attach the appropriate carbohydrates. One limitation of this approach is that the expression systems do not maintain complete glycosylation under high-volume production conditions. This results in low yields of usable product and contributes to the cost and complexity of producing these drugs. Incorrect glycosylation also affects the half-life of the drug. Low production yields are a significant contributor to the critical worldwide shortage of biotechnology manufacturing capacity. To achieve higher production yields, the required quality standards to fulfill regulations by health authorities, fast, accurate and preferably inexpensive analytical methods are required. Nowadays the (routine) analysis of therapeutic glycoprotein is accomplished by analytical HPLC, MS or Lectin blotting and in conjunction with chemical derivatization, exo-glycosidases treatment, and/or other selective chemical cleavage reactions. The fact that different carbohydrates have very similar molecular weights and physicochemical properties makes the analysis of glycosylation slow and complex. Conventional glycoanalysis requires multiple steps to obtain the structure, sequence and prevalence of all glycans in a glycoprotein sample. Complete analysis typically takes several days and highly trained personnel. Therefore, the need for more efficient and rapid glycoanalysis methodology is fundamental to the success of biotechnologically produced drugs. With this demand in the back of one's mind, a 13C-NMR spectra analysis system for oligosaccharides based on multiple Back-propagation neural networks was developed during this thesis. Before the realization of the idea, some fundamental questions had to be posed: 1. Are the monosaccharide moieties, the anomeric configuration and the substitution pattern of an oligosaccharide shown in a NMR (13C or 1H) spectrum? 2. What kind of NMR data provides this information better (1H or 13C-NMR)? 3. How can spectroscopic data be processed, compressed and transferred into a neural network? 4. Which neural network architecture, learning algorithm and learning parameters lead to optimal results? Preliminary experiments showed that the six chemical shifts of a monosaccharide moiety (from glucose, galactose and mannose) suffice to identify the monosaccharide itself, the anomeric configuration (if the anomeric carbon atom is substituted) and the substitution position(s). The experiments also revealed that these compounds could be almost completely separated by the help of Counter-propagation neural networks. The main goal of the neural network approach was to recognize every single monosaccharide moiety in an oligosaccharide and train specialized separated networks for each monosaccharide moiety group. Therefore, the neural networks should be trained with the 13C-NMR spectra of these monosaccharide moieties. During the test phase, the whole spectrum of an oligosaccharide will be presented to the network and the specialized networks should then only recognize the monosaccharide moieties they are trained for. Initial attempts to train a Back-propagation neural network to identify six methyl pyranoside compounds failed. This lack of success was because the data set used was too small and an uncompressed NMR spectrum leads to too many input neurons. Therefore, the data foundation was changed and enlarged with 535 monosaccharide moieties (mostly galactose, glucose and mannose) from literature and a special data compression (JCAMP-DX for NMR files) and parsing software tool called ANN Pattern File Generator was developed. The entire dataset was normalized and stored in a FileMaker 13C-NMR database. Further experiments with this new dataset, different Back-propagation network layouts and training parameters still did not achieve the designated recognition rate of unknown test compounds. The training performance of the neural networks seems to be insensible against major changes of training parameters. Tests with a new and enlarged dataset (1000 oligosaccharides and approx. 2500 monosaccharide moieties) with Kohonen networks highlighted, that separate Kohonen networks for each monosaccharide type yield to higher recognition rates than networks, which have to deal with all three monosaccharide types at once. This cognition was transferred to separate back propagation networks, which now showed recognition rates higher than 90% for unknown compounds. This separated approach worked excellent for disaccharides with two different monosaccharide moieties. Disaccharides with similar or identical moieties cannot be identified because the designated neural network recognizes only one monosaccharide at once. Out of this disadvantage, the so-called 'ensemble' or 'group of experts' approach was developed. Here, one utilizes the fact, that no trained neural network shows exactly the same recognition characteristics. Different neural networks respond differently to the same test inputs. Twenty trained neural networks at a time were grouped into ensembles. All these networks are trained to recognize the same monosaccharide moiety. After presenting a test input (e.g. disaccharide) to this group of experts, one gets at the most extreme case, twenty different recognition results. Afterwards, the results can be statistically analyzed. In the case of a disaccharide with two monosaccharide moieties of the same carbohydrate (e.g. α-D-Glcp-1-4-β-DGlcp- OMe), the analysis will deliver both monosaccharide compounds because some networks recognized one and other networks the other part of the disaccharide. The ensemble approach brought the final breakthrough of this thesis. Disaccharide recognition rates in the range of 85 – 96% (depending on the monosaccharide moiety – glucose, galactose or mannose) demonstrate the feasibility of the approach. The hit rates of the different ensembles can certainly be improved by a more subtle choice of the members of each ensemble. An ongoing diploma work shows a recognition improvement in this direction

    Paying Politicians

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    Consider a situation where a society has to elect an official who provides a public service for the citizens. Candidates differ in their competence and every potential candidate has private information about his opportunity cost to perform the task of the elected official. We develop a new citizen candidate model with a unique equilibrium to analyze citizens’ candidature decisions. Under some weak additional assumptions, bad candidates run with a higher probability than good ones, and for unattractive positions, good candidates free-ride on bad ones

    Extremal Incentive Compatible Transfers

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    We characterize the boundaries of the set of transfers implementing a given allocation rule without imposing any assumptions on the agent's type space or utility function besides quasi-linearity. In particular, we characterize the pointwise largest and the pointwise smallest transfer that implement a given allocation rule and are equal to zero at some prespecified type (extremal transfers). Exploiting the concept of extremal transfers allows us to obtain an exact characterization of the set of all implementable allocation rules (the set of transfers is non-empty) and the set of allocation rules satisfying Revenue Equivalence (the extremal transfers coincide). Furthermore, we show how the extremal transfers can be put to use in mechanism design problems where Revenue Equivalence does not hold. To this end we first explore the role of extremal transfers when the agents with type dependent outside options are free to participate in the mechanism. Finally, we consider the question of budget balanced implementation. We show that an allocation rule can be implemented in an incentive compatible, individually rational and ex post budget balanced mechanism if and only if there exists an individually rational extremal transfer scheme that delivers an ex ante budget surplus

    On the recursive saddle point method

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    In this paper we use the recursive saddle point method developed by Marcet and Marimon (1999, 2011) to a simple concave dynamic optimization problem. While the recursive saddle point problem is well dened and delivers the correct value of our optimization problem, it does not generate only optimal policies. Indeed some of the solutions that it produces are either suboptimal or do not even satisfy feasibility. We identify the reasons underlying this failure and discuss its implications for some existing applications
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