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Profit extraction mechanism information


In mechanism design and auction theory, a profit extraction mechanism (also called profit extractor or revenue extractor) is a truthful mechanism whose goal is to win a pre-specified amount of profit, if it is possible. [1]: 347 

  1. ^ Jason D. Hartline and Anna R. Karlin, "Profit Maximization in Mechanism Design". Chapter 13 in Vazirani, Vijay V.; Nisan, Noam; Roughgarden, Tim; Tardos, Éva (2007). Algorithmic Game Theory (PDF). Cambridge, UK: Cambridge University Press. ISBN 0-521-87282-0.

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Profit extraction mechanism

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In mechanism design and auction theory, a profit extraction mechanism (also called profit extractor or revenue extractor) is a truthful mechanism whose...

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constituent, can be extracted or mined and sold for profit. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum,...

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Copper extraction

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Copper extraction refers to the methods used to obtain copper from its ores. The conversion of copper ores consists of a series of physical, chemical and...

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Oil sands

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improved extraction technology enabled profitable extraction and processing of the oil sands. Together with other so-called unconventional oil extraction practices...

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Extractivism

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countries do not often extract their own resources;[need quotation to verify] extraction is often led from abroad. These interactions have contributed to extractivism...

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Ringfencing

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credit rating. In the United Kingdom, ring fence profits arise from income and gains from oil extraction activities or oil rights in the UK and UK continental...

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Surveillance capitalism

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largely uncontested new expression of power that constitutes hidden mechanisms of extraction, commodification, and control that threatens core values such as...

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Petroleum

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Petroleum exploitation can be damaging to the environment and human health. Extraction, refining and burning of petroleum fuels all release large quantities...

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Dutch disease

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discovery of the large Groningen natural gas field in 1959. The presumed mechanism is that while revenues increase in a growing sector (or inflows of foreign...

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1965 Soviet economic reform

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profit motives and market mechanisms within a socialist framework. Under Lenin, the New Economic Policy had allowed and used the concepts of profit and...

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Challenges in Islamic finance

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challenges include that interest rate benchmarks have been used to set Islamic "profit" rates so that "the net result is not materially different from interest...

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Capitalism

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Primacy of wage labor. The investment of money to make a profit. The use of the price mechanism to allocate resources between competing uses. Economically...

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Entrepreneurship

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Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional...

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Plasmid

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through conjugation. This host-to-host transfer of genetic material is one mechanism of horizontal gene transfer, and plasmids are considered part of the mobilome...

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Logging

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gain access to forests; extraction without permission or from a protected area; the cutting of protected species; or the extraction of timber in excess of...

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Narcotic

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indirectly by extraction from substances of vegetable origin or independently using chemical synthesis or by a combination of extraction and chemical synthesis:...

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Biopiracy

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organisations and actors in the social networks. With the advancement of extraction techniques of genetic material in biochemistry and molecular biology,...

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CDex

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CDex is a free software package for Digital Audio Extraction from Audio CD (a so-called CD ripper) and audio format conversion for Microsoft Windows. It...

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Mining engineering

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Mining in the engineering discipline is the extraction of minerals from the ground. Mining engineering is associated with many other disciplines, such...

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Oil and gas law in the United States

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national government as they are in many other countries. In the U.S., extraction of oil and gas is generally regulated by the individual states through...

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Kava

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noted: "The extraction process (aqueous vs. acetone in the two types of preparations) is responsible for the difference in toxicity as extraction of glutathione...

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William Worrall Mayo

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vegetable wastes, and one day suffered a serious injury when the extraction mechanism crushed his arm and hand. That injury necessitated an amputation...

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Vincristine

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necessary for the very specific administration of the drug. The natural extraction of vincristine from Catharanthus roseus is produced at a percent yield...

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Predatory advertising

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through the use of savvy algorithms. Some common examples today include for-profit college industries, "fringe" financial institutions, political micro-targeting...

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Fatemeh Shayan

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dimension, which contributes to their profit-interest in this market. Their constraints are mainly attributed to extraction from the fields in the remote regions...

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