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Participation constraint

Under a WP contract with parameter set 0, the supplier s profitn (, 0)=(w - c) is deterministic. Hence, the supplier s participation constraint (PC) isq> tjfiv - c) for a given target profit F Once the PC is satisfied, the supplier s probability of achieving his target is always 1. [Pg.237]

The reader will observe that in this formulation, the incentive compatibility constraint has been incorporated into the objective function (4.8), and the only constraint left is the participation constraint. [Pg.120]

The analysis of the optimization problem (4.8)-(4.9) is straightforward. First, it can be easily shown that the participation constraint is binding. Hence,... [Pg.120]

Before we conclude this section, it is also worthwhile to introduce and summarize the terminology we will be using in the remainder of this chapter. A compensation system is said to induce or implement an action if that action represents the agent s optimal choice. Such action is called incentive compatible. A pair that consists of a compensation system and an action is called a contract. Such a contract is feasible if the prescribed action is incentive compatible and if the compensation system satisfies the participation constraint. The optimal contract is the pair (not necessarily unique) of a compensation system and incentive compatible action that maximizes the principal s expected payoff and satisfies the participation constraint. The action prescribed in the optimal contract is called second-best as opposed to the so-called first-best action that is optimal when the agent s action is observable by the principal. [Pg.121]

Analysis of the principal and agent model The contract between NDA and SLC s consists of NDA offering a fixed shared of the production realized. Such a sharing rule should satisfy the participation constraint and be at least as great as the reservation price. However, this payment does... [Pg.485]

It is also important to note that abstract operators (AO-1) and (AO-2) are not participating in any temporal ordering constraint. Consequently, they could be placed anywhere in the chain of operations of a procedure. For example, Procedure-A can be completed with (AO-1) and (AO-2) in any of the following ways ... [Pg.89]

The structural changes that occur at 90<>C are again indicative of steric constraints. We find no evidence that the N-H bonds in the -[PhSiHNH]x backbone participate in the crosslinking process observed in (30) which is in keeping with our observation concerning piperidine s lack of reactivity. We also observe similar behavior for reactions of n-hexylsilane with N1I3 (23). [Pg.136]

These complementary observational constraints indicate that another process participates to the transport of AM in solar-type stars, while MC and turbulence are successful in more massive stars. The two most likely candidates are the large-scale magnetic field which could be present in the radiative zone and the internal gravity waves (hereafter 1GW) which are generated by the external convective zone. As we just explained, the observations suggest that the efficiency of this process is finked to the growth of the convective enveiope. This is a characteristics of 1GW. [Pg.280]

The model proposed by Brandt et al. is consistent with the experimental observations, reproduces the peculiar shape of the kinetic curves in the absence and presence of dioxygen reasonably well, and predicts the same trends in the concentration dependencies of t, p that were observed experimentally (80). It was concluded that there is no need to assume the participation of oxo-complexes in the mechanism as it has been proposed in the literature (88-90). However, the model provides only a semi-quantitative description of the reaction because it was developed at constant pH by neglecting the acid-base equilibria of the sulfite ion and the reactive intermediates, as well as the possible complex-formation equilibria between various iron(III) species. In spite of the obvious constraints introduced by the simplifications, the results shed light on the general mechanistic features of the reaction and could be used to identify the main tasks for further model development. [Pg.434]

A collaboration defines a set of actions between objects playing roles relative to others in the collaboration. It provides a unit of scoping—constraints and rules that apply within versus outside the group of collaborators—and of refinement more-detailed realizations of joint behavior. Each action abstracts details of multiparty interactions and of detailed dialogs between participants. [Pg.59]

In action abstraction, no invoker need be identified Any participant can initiate it. The exact sequence is determined by the designs of all participants (some of whom could be human) we can say only what the smaller actions are and the constraints on how they might be combined. Also, the abstract action may never be directly invoked at the detailed level. [Pg.250]

Summarise the interactions with the system as collaborations between the system being specified and other objects, building scenarios to validate the collaboration, and modeling actions at a consistent level of abstraction. Show all external roles as types — also called actors — that participate in these actions. Also, document those actions that can proceed concurrently on a single system, including constraints on concurrency. For example ... [Pg.613]

Each pi statistic is tested against the threshold value of 1.96, which corresponds to a 95% confidence level. The last principal component results in suspect. The contributions from each residual of the constraints to the principal components are given in Fig. 18. From this figure we see that the residuals of units 1 and 2 are the main contributions to all the principal components and in particular to p4. The flowrates involved in units 1 and 2 are fa, fa, fa, fa, fa- Because fa and ft, are related to unit 3, which is not suspect, and fa participates in the unsuspected unit 4, we can conclude that the only bias measurements are fa, fa, as was simulated. [Pg.242]

As it seems unlikely that any explanation of a bimodal DPD can be devised on the basis of a monoeidic polymerisation mechanism, we reject the alternative (i) and will investigate the usefulness of (ii). An important, though not absolute, constraint on the choice of the second species participating in the formation of the polymers, is that it must be ionic, since the ionic conductivity of the reaction mixture corresponds closely to that calculated from c0 as shown in Reference [1]. [Pg.496]

The voluntary consent of the human subject is essential. This means that the person involved should have legal capacity to give consent should be so situated as to be able to exercise free power of choice, without the intervention of any element of force, fraud, deceit, duress, over-reaching, or other ulterior form of constraint or coercion and should have sufficient knowledge and comprehension of the elements of the subject matter involved as to enable him to make an rmderstanding and enlightened decision. This latter element requires that, before the acceptance of an affirmative decision by the experimental subject, there should be made known to him the nature, duration, and purpose of the experiment the method and means by which it is to be conducted all inconveniences and hazards reasonably to be expected and the effects upon his health or person, which may possibly come from his participation in the experiment. [Pg.427]


See other pages where Participation constraint is mentioned: [Pg.235]    [Pg.236]    [Pg.119]    [Pg.120]    [Pg.124]    [Pg.124]    [Pg.125]    [Pg.128]    [Pg.483]    [Pg.485]    [Pg.235]    [Pg.236]    [Pg.119]    [Pg.120]    [Pg.124]    [Pg.124]    [Pg.125]    [Pg.128]    [Pg.483]    [Pg.485]    [Pg.544]    [Pg.197]    [Pg.220]    [Pg.254]    [Pg.257]    [Pg.116]    [Pg.304]    [Pg.481]    [Pg.1]    [Pg.386]    [Pg.487]    [Pg.206]    [Pg.56]    [Pg.56]    [Pg.57]    [Pg.99]    [Pg.36]    [Pg.201]    [Pg.35]    [Pg.743]    [Pg.65]    [Pg.119]    [Pg.140]    [Pg.45]   
See also in sourсe #XX -- [ Pg.235 , Pg.236 , Pg.237 ]

See also in sourсe #XX -- [ Pg.119 , Pg.120 , Pg.124 , Pg.128 ]




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