A Capital Asset Pricing Model Under Stable Paretian by Wang X.-H., Wen Zh.-X.

By Wang X.-H., Wen Zh.-X.

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In turn, SONET provides subcontainer transport services with rates that are multiples of 155 Mbps. ATM is used to provide flexible partitioning of such large SONET containers for services that require fractions of this bandwidth. IP is responsible for packing and unpacking the fixed size bandwidth services provided by ATM into information streams consisting of variable size objects (the IP packets produced by user applications), whose resulting bit rates are much smaller and bursty. IP is a multiplexing technology that ‘buys’ such fixed size bandwidth services and makes a business of efficiently filling them with information streams that are variable in both the rate and size of packets.

The idea is to choose a technology for each link whose container size minimizes wasted space in partially packed containers. In the interior of the network many traffic streams follow common routes and so it makes sense to use large containers for links on these routes. However, at the periphery of the network it makes sense to use small containers to transport traffic from individual sources. Thus the business of a network operator is to provide connectivity services by choosing appropriately sized containers for the routes in his network, and then to efficiently pack and unpack the containers.

During normal time, the user receives 150, 120 or 90 minutes as n lies in the range 0–150, 151–300 or 301–450, respectively. During peak time, the minutes are reduced to 90, 60 or 30 minutes, respectively for the same ranges of n. ) If no terminals are available a customer has to wait for one to become available. Observe that, although the price for a ticket is flat, the amount of usage varies. To obtain more time a user can buy more tickets. What are the merits of such a pricing scheme? Customers value (in addition to good coffee) small waiting time and convenience (of accessing the Internet when they need it, rather than postponing it to a different time).

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