In auctions with externalities, it is well-known that the core can be empty, which is undesirable both in terms of stability and "fairness." Nevertheless, some auction outcome must be chosen. We ...separate deviations into two types: deviations by paying more and deviations by refusing to pay. In high-stakes auctions where bidders also care about their reputation, the latter are unlikely to occur, or else can be prevented by legal interventions. In contrast, the former is more undesirable in the sense that the seller and the bidders experience justified envy. We show that the core is nonempty if bidders cannot refuse to pay.
A Note on a Moment Inequality Jeong, Seungwon (Eugene)
The B.E. journal of theoretical economics,
01/2024, Letnik:
24, Številka:
1
Journal Article
Recenzirano
Using Chebyshev’s sum inequality, we generalize
≥
into a moment inequality with a general combination of moments that compares
and
. We also provide its economic application.
On 11 March 2011, the great earthquake hit Japan, resulting in 15,895 deaths, 6156 serious injuries, and 2539 missing persons. This event affected the health and lives of older residents, and reports ...showed an increase in the number of people eligible for long-term care afterward. In this study, among the places affected by the 2011 Great East Japan Earthquake and tsunami, we focused on 15 municipalities, including designated municipalities based on the Special Act on Nuclear Evacuation in Fukushima Prefecture, and aimed to clarify the medium-term effects (six years post-disaster) on the long-term care certification rate and expenditure for provision of services. We used the Ministry of Health, Labour, and Welfare Monthly Status Report on Long-Term Care Insurance and the Ministry of Internal Affairs and Communications Population Register for 2011, 2014, and 2017. In 2011, we found no intergroup differences among the 15 Fukushima municipalities and other municipalities in either the long-term care certification rate or the per-person expenditure for use of services. In 2014, after the earthquake, the long-term care certification rate was 5.4% higher in the 15 Fukushima municipalities than in other municipalities for those aged 75 years or older. The rate of 2014-2017 has not increased significantly, partly because of stability after the disaster and change in the population structure. Nevertheless, the long-term care certification rate in the 15 Fukushima municipalities is higher than that of the other two groups even after six years since the earthquake. Similarly, the per-person expenditure for use of services for one month was 11,800 yen higher in the 15 Fukushima municipalities than in other municipalities in 2014, and this trend continued into 2017. Strong, ongoing governmental support is needed, especially for those aged 75 or older, following a disaster.
This study compared the relationship between social participation, including work, and incidence of functional decline in rural and urban older people in Japan, by focusing on the number and types of ...organizations older people participated in. The longitudinal data of the Japan Gerontological Evaluation Study (JAGES) that followed 55,243 individuals aged 65 years or older for six years were used. The Cox proportional hazards model was employed to calculate the hazard ratio (HR) of the incidence of functional decline over six years and the stratification of rural and urban settings. In this model, we adjusted 13 variables as behavioral, psychosocial, and functional confounders. The more rural and urban older people participated in various organizations, the more they were protected from functional decline. Participation in sports (HR: rural = 0.79; urban = 0.83), hobby groups (HR: rural = 0.76; urban = 0.90), and work (HR: rural = 0.83; urban = 0.80) significantly protected against the incidence of decline in both rural and urban areas. For both rural and urban older people, promoting social participation, such as sports and hobby groups and employment support, seemed to be an important aspect of public health policies that would prevent functional decline.
Thick biological tissues give rise to not only the multiple scattering of incoming light waves, but also the aberrations of remaining signal waves. The challenge for existing optical microscopy ...methods to overcome both problems simultaneously has limited sub-micron spatial resolution imaging to shallow depths. Here we present an optical coherence imaging method that can identify aberrations of waves incident to and reflected from the samples separately, and eliminate such aberrations even in the presence of multiple light scattering. The proposed method records the time-gated complex-field maps of backscattered waves over various illumination channels, and performs a closed-loop optimization of signal waves for both forward and phase-conjugation processes. We demonstrated the enhancement of the Strehl ratio by more than 500 times, an order of magnitude or more improvement over conventional adaptive optics, and achieved a spatial resolution of 600 nm up to an imaging depth of seven scattering mean free paths.
In many complex physical phenomena such as wave propagation in scattering media, the process of interest often cannot be easily distinguished from other processes because only the total combined ...process is accessible. This makes it difficult to extract the precise knowledge of each subprocess. Here, we derive an analytic expression describing the way the eigenchannel coupling of the total process distributes its energy to the individual subprocesses, with only partial information on each subprocess such as the average eigenvalue 〈τ〉 and enhancement factor η. We found that the ratio of (η - 1)〈τ〉 between two subprocesses is a critical parameter determining the preferable subprocess in the energy coupling. This work provides a new analytic framework for understanding the effect of wavefront shaping in the control of wave propagation in disordered media.
Ascertaining progress in building age-friendly cities (AFCs) requires community diagnostic indicators. This study examines the relationship between social participation and happiness at the municipal ...level. The data from the Japan Gerontological Evaluation Study (JAGES) from 2013, 2016, and 2019, comprising 442,079 older people from 289 municipalities, are used. We also employ linear mixed-effects models to evaluate the association between social participation and happiness. In these models, we adjust for seven variables as potential confounders. This study reveals that the higher the social participation, except for neighborhood association, the higher the state of happiness (
= 0.14-0.30). Our study suggests that social participation is useful, as a community diagnostic indicator, for monitoring the progress of building AFCs, developing strategies, and creating evidence.
Unlike previous dialogue-based question-answering (QA) datasets, DREAM, multiple-choice Dialogue-based REAding comprehension exaMination dataset, requires a deep understanding of dialogue. Many ...problems require multi-sentence reasoning, whereas some require commonsense reasoning. However, most pre-trained language models (PTLMs) do not consider commonsense. In addition, because the maximum number of tokens that a language model (LM) can deal with is limited, the entire dialogue history cannot be included. The resulting information loss has an adverse effect on performance. To address these problems, we propose a Dialogue-based QA model with Common-sense Reasoning (DQACR), a language model that exploits Semantic Search and continual learning. We used Semantic Search to complement information loss from truncated dialogue. In addition, we used Semantic Search and continual learning to improve the PTLM’s commonsense reasoning. Our model achieves an improvement of approximately 1.5% over the baseline method and can thus facilitate QA-related tasks. It contributes toward not only dialogue-based QA tasks but also another form of QA datasets for future tasks.
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