Search Results - subject:"Recursive rule"

The impossibility of an Effective Theory of Policy in a Complex Economy

Velupillai, K. Vela - Department of Economics, National University of Ireland - 2005

It is shown that for a `complex economy', characterised in terms of a formal dynamical system capable of computation universality, it is impossible to devise an effective theory of policy.

Persistent link: https://www.econbiz.de/10008543374

The impossibility of an effective theory of policy in a complex economy

Velupillai, K. Vela - Dipartimento di Economia e Management, Università … - 2005

Persistent link: https://www.econbiz.de/10005465245

A new solution to the problem of adjudicating conflicting claims

Dominguez, Diego (contributor); Thomson, William (contributor) - 2004

only one rule satisfying this requirement. We name it the \recursive rule", as it is obtained by a recursion. We then … problems, recursive rule. 2 1 Introduction When a group of agents have claims over a resource that add up to more than is … deflned by means of a recursion, we call it the \recursive rule". We then undertake a systematic evaluation of the rule. We …

Persistent link: https://www.econbiz.de/10002574216

A New Solution to the Problem of Adjudicating Conflicting Claims

Dominguez, Diego; Thomson, William - University of Rochester - Center for Economic Research … - 2004

satisfying this requirement. We name it the "recursive rule", as it is obtained by a recursion. We then undertake a systematic … only one rule satisfying this requirement. We name it the \recursive rule", as it is obtained by a recursion. We then … problems, recursive rule. 2 1 Introduction When a group of agents have claims over a resource that add up to more than is …

Persistent link: https://www.econbiz.de/10005808185

A new solution to the problem of adjudicating conflicting claims

Dominguez, Diego; Thomson, William - In: Economic theory : official journal of the Society for … 28 (2006) 2, pp. 283-307

Persistent link: https://www.econbiz.de/10003329914

A new solution to the problem of adjudicating conflicting claims

Dominguez, Diego; Thomson, William - In: Economic Theory 28 (2006) 2, pp. 283-307

For the problem of adjudicating conflicting claims, we consider the requirement that each agent should receive at least 1/n his claim truncated at the amount to divide, where n is the number of claimants (Moreno-Ternero and Villar, 2004a). We identify two families of rules satisfying this bound....

Persistent link: https://www.econbiz.de/10005753153