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dc.contributor.authorCai, W.
dc.contributor.authorSingham, D.I.
dc.date.accessioned2017-08-03T15:19:46Z
dc.date.available2017-08-03T15:19:46Z
dc.date.issued2017
dc.identifier.citationW. Cai, D.I. Singham, "A principal-agent problem with heterogeneous demand distributions for a carbon capture and storage system," European Journal of Operational Research, (2017), pp. 1-18en_US
dc.identifier.urihttp://hdl.handle.net/10945/55359
dc.descriptionThe article of record as published may be found at http://dx.doi.org/10.1016/j.ejor.2017.06.009en_US
dc.descriptionArticle in Press
dc.description.abstractMechanism design problems optimize contract offerings from a principal to different types of agents who have private information about their demands for a product or a service. We study the implications of uncertainty in agents’ demands on the principal’s contracts. Specifically, we consider the setting where agents’ demands follow heterogeneous distributions and the principal offers a menu of contracts stipulating quantities and transfer payments for each demand distribution. We present analytical solutions for the special case when there are two distributions each taking two discrete values, as well as a method for deriving analytical solutions from numerical solutions. We describe one application of the model in carbon capture and storage systems to demonstrate various types of optimal solutions and to obtain managerial insights.en_US
dc.description.sponsorshipNational Science Foundationen_US
dc.format.extent18 p.en_US
dc.publisherElsevieren_US
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.en_US
dc.titleA principle-agent problem with heterogeneous demand distributions for a carbon capture and storage systemen_US
dc.typeArticleen_US
dc.contributor.corporateNaval Postgraduate School (U.S.)en_US
dc.contributor.departmentOperations Research (OR)en_US
dc.subject.authorGame theoryen_US
dc.subject.authorMechanism designen_US
dc.subject.authorHeterogeneous demandsen_US
dc.subject.authorUncertaintyen_US
dc.subject.authorCarbon capture and storage (CCS)en_US
dc.description.funderGrant CMMI-1535762 (NSF)en_US
dc.description.funderGrant CMMI-1535831 (NSF)en_US


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