There should be serious indications that a miscoordination problem is under way, in order to promote concentration downstream. |
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The gains to a flexible response are offset by costly miscoordination, so that the firm is better off when outlet one stays within a narrow range of production choices. |
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This focus is without loss of generality since the climbing game is representative of problems with high miscoordination penalty and a single optimal joint action. |
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Besides the formalization of the idea that buyers' miscoordination might prevent efficient entry, we identify a scheme which helps alleviate the miscoordination problem. |
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We show that if the potential entrant could credibly offer to pay a penalty for unfulfilled orders should it not enter, buyers' miscoordination is less likely to occur. |
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The proposed algorithm TLBO gives optimal coordination margin between 0.3 and 0.8 s and no miscoordination between primary and backup pairs. |
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The results clearly show that the proposed adaptive approach can successfully prevent miscoordination problems. |
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This is also true in evacuation decisions, where people tend to leave when others leave, leading to miscoordination and congestion. |
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In this paper, an applicable communication-free adaptive technique is proposed to prevent miscoordination problems in distribution networks. |
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Since this benefit comes at the cost of miscoordination between regulators, a trade-off results which favors decentralized regulation when goods are substitutes enough. |
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The aim of problem is to minimize the total operating time of primary relays and eliminate the miscoordination among the primary and backup relay pairs. |
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