Related Experiment Video

Updated: Jan 20, 2026

Pricing: Competitive Bidding
01:22

Pricing: Competitive Bidding

258

Event-Triggered Multiagent Optimization for Two-Layered Model of Hybrid Energy System With Price Bidding-Based Demand

Related Concept Videos

Pricing: Competitive Bidding01:22

Pricing: Competitive Bidding

A common procurement strategy involves multiple suppliers submitting offers to provide goods or services. This approach, known as competitive bidding, allows the buyer to choose the best option based on factors such as price and quality in the B-2-B market.
This process can be categorized into two main types: closed bidding and open bidding, each with distinct characteristics and implications for buyer-supplier relationships.
Closed Bidding
Closed bidding involves inviting suppliers to submit...
258
Generation of Spontaneous and On-Demand Ictal Events in Mouse Brain Cortical Slices03:10

Generation of Spontaneous and On-Demand Ictal Events in Mouse Brain Cortical Slices

This video demonstrates the induction of ictal events in coronal cortical slices from a transgenic mouse expressing light-activated cation channels in cortical excitatory pyramidal neurons. The slice is placed in a recording chamber, and a recording electrode is inserted into the superficial cortical layer. Upon perfusion with a seizure-inducing drug that blocks potassium channels, the neurons become hyperexcitable and generate spontaneous ictal events. To generate on-demand ictal events, a...
445
Price Ceiling and Inelastic Demand01:21

Price Ceiling and Inelastic Demand

In markets with inelastic demand and supply, the quantities demanded and supplied exhibit minimal sensitivity to changes in price. When a price ceiling is imposed below the equilibrium price, the impact on both demand and supply remains limited due to the rigidity of these curves.
In essential goods, such as medications or basic utilities—consumers continue to purchase nearly the same amount despite a price decrease. On the supply side, even with reduced profitability, suppliers only...
367
Price Ceiling and Elastic Demand01:14

Price Ceiling and Elastic Demand

Elasticity refers to how strongly the quantity demanded or supplied responds to changes in price. When both demand and supply are elastic, small price changes result in significant shifts in the quantities traded. A price ceiling, which is a government-imposed limit on how high a price can be, is set below the equilibrium price. While intended to make essential goods affordable, this intervention often disrupts the natural equilibrium, particularly in markets with elastic demand and supply,...
365
Cross-Price Elasticity of Demand01:21

Cross-Price Elasticity of Demand

At its core, cross price elasticity of demand quantifies the responsiveness of the quantity demanded for one product in response to a price change in another. It is calculated by dividing the percentage change in quantity demanded of one good by the percentage change in price of another.
Substitute Goods: A positive cross price elasticity indicates that the goods are substitutes. The magnitude of this value reveals the strength of their substitutability. For example, a significant increase in...
554
A Microfluidic-based Electrochemical Biochip for Label-free DNA Hybridization Analysis14:53

A Microfluidic-based Electrochemical Biochip for Label-free DNA Hybridization Analysis

We present a microfluidic-based electrochemical biochip for DNA hybridization detection. Following ssDNA probe functionalization, the specificity, sensitivity, and detection limit are studied with complementary and non-complementary ssDNA targets. Results illustrate the influence of the DNA hybridization events on the electrochemical system, with a detection limit of 3.8...
17.8K