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Abstract We consider a monopoly which practices nonlinear pricing, where buyers may have inequity-averse preferences. Each buyer has a valuation for the good, drawn from a distribution. The monopoly knows the distribution but not the... more
Abstract We consider a monopoly which practices nonlinear pricing, where buyers may have inequity-averse preferences. Each buyer has a valuation for the good, drawn from a distribution. The monopoly knows the distribution but not the realizations. We introduce the possibility that any buyer can be inequity-averse (fair types) or not (neutral types), in addition to different demand types. Fair types get a disutility from inequity captured through a utility function in the spirit of the one introduced by Fehr and Schmidt (1999). We characterize the optimal nonlinear pricing and show that the degree of suboptimality increases, and the monopoly profit decreases, as the degree of the inequity aversion increases. We also show that some or all of the neutral types with low demand are strictly better off, when there are inequity-averse types in the environment.
Research Interests:
Research Interests:
It is speculated that thyroid hormones may be involved in nonalcoholic fatty liver disease (NAFLD) pathogenesis. A literature scan, however, demonstrated conflicting results from studies investigating the relationship between... more
It is speculated that thyroid hormones may be involved in nonalcoholic fatty liver disease (NAFLD) pathogenesis. A literature scan, however, demonstrated conflicting results from studies investigating the relationship between hypothyroidism and NAFLD. Therefore, our study aims to evaluate NAFLD, from the histopathologic perspective, in hypothyroidism-induced rats. Wistar rats were divided into 2 groups: the experimental group consumed water containing methimazole 0.025% (MMI, Sigma, USA) for 12 weeks and the control group consumed tap water. At the end of week 12, serum glucose, ALT, AST, triglyceride, HDL, LDL, TSH, fT4, fT3, visfatin, and insulin assays were performed. Sections were stained with hematoxylin-eosin and “Oil Red-O” for histopathologic examination of the livers. In our study, we detected mild hepatosteatosis in all hypothyroidism-induced rats. There was statistically significant difference with respect to obesity between the two groups (p<0.001). The mean fasting b...
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ABSTRACT Soma Tertiary basin is one of the most important region for exploration and production of coal and has a big potential for the production of coalbed methane. Integrated seismic reflection studies includes multichannel seismic... more
ABSTRACT Soma Tertiary basin is one of the most important region for exploration and production of coal and has a big potential for the production of coalbed methane. Integrated seismic reflection studies includes multichannel seismic reflection survey and 3C-WVSP survey to develop efficient methodology for exploration of coal and coalbed methane on various coal basins in Turkey. The goal of this paper is to explain the 3CWVSP data acquisition and data processing. Velocity information derived from the VSP shot records was used to convert surface seismic time sections to depth sections. Results showed high compatibility with the drilling logs along the seismic lines. The corridor stack of VSP is highly compatible with surface seismic reflection sections.