A cost center refers to any part of a business that's responsible for managing costs but not for generating sales or revenue.

We consider the design of regulatory policy when the regulator is imperfectly informed about both the firm's cost function and the demand function it faces. To some extent the optimal policy here is ...

Confused about cost functions in neural networks? In this video, we break down what cost functions are, why they matter, and which types are best for different applications—from classification ...

This involves extending the notion of a cost function to the case where nonlinear prices are parameters of costs. After developing the appropriate theory, we apply our results to the case of ...