Auction Theory and Applications

Demand relief from customers can help a utility (or any "load serving entity") solve a variety of problems. There exist all sorts of different demand management programs that utilities use. A critical issue is the incentive paid to the customer to participate in demand management programs and provide load relief. The…

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• MUHAMMED ALİ YILDIRIM

It is common for a retailer to sell products from competing manufacturers. How then should the firms manage their contract negotiations? The supply chain coordination literature focuses either on a single manufacturer selling to a single retailer or one manufacturer selling to many (possibly competing) retailers. We f…

• ABDULLAH GÜRHAN KÖK

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The matching with contracts model (Hatfield and Milgrom 2005) is widely considered to be one of the most important advances of the last two decades in matching theory. One of their main messages is that the set of stable allocations is non-empty under a substitutes condition. We show that an additional irrelevance of…

• ORHAN AYGÜN

Suppliers in competitive electricity markets regularly respond to prices that change hour by hour or even more frequently, but most consumers respond to price changes on a very different time scale, i.e., they observe and respond to changes in price as reflected on their monthly bills. In this paper, we examine mixed…

• EMRE ÇELEBİ

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• SIRMA ZEYNEP ALPARSLAN GÖK

We consider a decentralized assembly system in which a buyer purchases components from several first-tier suppliers. We examine the dynamics of suppliers' investments in cost-reduction initiatives over the life cycle of a product under different procurement approaches. We model the suppliers' investment decisions unde…

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• SIRMA ZEYNEP ALPARSLAN GÖK

The increasingly dynamic nature of business-to-business electronic commerce has produced a recent shift away from fixed pricing and toward flexible pricing. Flexible pricing, as defined here, includes both differential pricing, in which different buyers may receive different prices based on expected valuations, and dy…

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• OĞUZHAN ÖZBAŞ