The purpose of this paper is to study how the hedonic equilibrium is modified when group-wise consumer heterogeneity … according to model specification, the group-wise heterogeneity with horizontal differentiation can lead to modification of welfare …

propose a new procedure that increases the power of panel unit root tests when used to study group-wise convergence. Applying …

characterizes the unique pairwise and groupwise farsightedly stable set of networks under the componentwise egalitarian allocation … rule. We then show that this set coincides with the unique groupwise myopically stable set of networks but not with the … unique pairwise myopically stable set of networks. We conclude that, if groupwise deviations are allowed then whether players …

characterizes the unique pairwise and groupwise farsightedly stable set of networks under the componentwise egalitarian allocation … rule. We then show that this set coincides with the unique groupwise myopically stable set of networks but not with the … unique pairwise myopically stable set of networks. We conclude that, if groupwise deviations are allowed then whether players …