We consider the rationale for imposing uniform pricing (UP) on a monopolist in a two-market model with endogenous quality. In contrast to the literature, we find that UP may yield higher quality than third-degree price discrimination (PD). This occurs when the demand dispersion between markets is...
01a Articolo in rivista
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We study the long-run welfare effects of parallel trade (PT) in pharmaceuticals. We develop a two-country model of PT with endogenous quality, where the pharmaceutical firm negotiates the price of the drug with the government in the foreign country. We show that, even though the foreign government...
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It is widely argued that international arbitrage, or parallel trade (PT), in patented drugs may increase consumer surplus in the relevant countries but at the expense of R&D investment. We show how the effects of PT depend on the vertical contract (linear pricing or dual pricing) between the...
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Scientific contributions in the area of smart environments cover different tasks of ambient intelligence including action and activity recognition, anomaly detection, and automated enactment. Algorithms solving these tasks need to be validated against sensor logs of smart environments. In order to...
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Digital Twins (DTs) are considered key components in smart manufacturing. They bridge the virtual and real world with the goal to model, understand, predict, and optimize their corresponding real assets. Such powerful features can be exploited in order to optimize the manufacturing process. In this...
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Education and training are among the fields taking advantage of serious games (SGs). In this paper we present Gea 2: A New Earth, a digital SG developed as an immersive three-dimensional virtual learning environment, integrating several educational resources, and including multimedia learning...
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This paper investigates the collective behaviors induced by the network interconnection of heterogeneous input-affine single-input nonlinear systems through a constant but general directed graph. In this sense, we prove that the dynamics of all agents cluster into as many subgroups as the number of...
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This paper investigates the transformation of Hamiltonian structures under sampling. It is shown that the exact sampled-data equivalent model associated to a given port-Hamiltonian continuous-time dynamics exhibits a discrete-time representation in terms of the discrete gradient, with the same...
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The paper deals with the design of an improved model predictive control scheme for achieving station-keeping of spacecrafts in a quasi Halo orbit around the $L_2$ point in the Earth-Moon system. The improvement is obtained thanks to a multi-rate sampled-data trajectory planner that allows for...
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In this letter, we propose a new sampled-data controller for stabilization of the attitude dynamics at a desired constant configuration. The design is based on discrete-time interconnection and damping assignment (IDA) passivity-based control (PBC) and the recently proposed Hamiltonian...