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Thomas Alois Weber

Related publications (81)

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Dynamic Information Acquisition

Thomas Alois Weber, Viet Anh Nguyen

We consider optimal information acquisition for the control of linear discrete-time random systems with noisy observations and apply the findings to the problem of dynamically implementing emissions-reduction targets. The optimal policy, which is provided ...

2015

Optimal Retail in a Sharing Economy

Thomas Alois Weber

The emerging sharing economy is fueled by products that some consumers buy new. This paper introduces an overlapping-generations model to analyze consumers’ consumption choices and the equilibrium in the sharing market. We derive a retailer’s optimal prici ...

2015

The Question of Ownership in a Sharing Economy

Thomas Alois Weber

The sharing of durable goods in a dynamic ownership economy is attractive, since it has the potential to realize gains from trade via short-term transfers of usage rights. We develop a model in which a set of agents, who are heterogeneous in their likely n ...

Ieee Computer Soc2015

The Question of Ownership in a Sharing Economy

Thomas Alois Weber

IEEE Computer Society, Washington, D.C.2015

A Continuum of Commitment

Thomas Alois Weber

We examine a generic three-stage game for two players with alternating moves, where the first player can choose the level of adjustment cost to be paid in the last period to modify the action she announced in the first period. In the resulting continuum of ...

2014

On the (Non-)Equivalence of IRR and NPV

Thomas Alois Weber

The internal rate of return (IRR) is generally considered inferior to the net present value (NPV) as a tool for evaluating and ranking projects, despite its inherently useful comparability to the cost of capital and the return of other investment opportuni ...

2014

Intermediation in a Sharing Economy: Insurance, Moral Hazard, and Rent Extraction

Thomas Alois Weber

Electronic intermediaries have become pervasive in sales transactions for many durables, such as cars, power tools, and apartments. Yet only recently have they successfully tackled the challenge of enabling parties to share such goods. A key impediment to ...

Routledge Journals, Taylor & Francis Ltd2014

The Question of Ownership in a Sharing Economy

Thomas Alois Weber

EPFL2014

Quantifying Commitment in Nash Equilibria

Thomas Alois Weber

To quantify a player’s commitment in a given Nash equilibrium of a finite dynamic game, we map the corresponding normal-form game to a “canonical supergame,” which allows each player to adjust his or her move with a certain probability. The commitment meas ...

EPFL2014

Collaborative Housing and the Intermediation of Moral Hazard

Thomas Alois Weber

This paper considers intermediation in a differentiated short-term housing market where heterogeneous agents may stay at a hotel or at one of several private hosts' properties, below or above hotel quality. The collaborative-housing market fails when agent ...

Ieee2014