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Alvin Roth et Lloyd Shapley ont reçu en 2012 le prix de sciences économiques de la Banque Royale de Suède à la mémoire d'Alfred Nobel, pour leurs travaux sur l'organisation centralisée de certains marchés économiques, qui dépendent de l'appariement d'agents de deux types distincts (des...
Persistent link: https://www.econbiz.de/10010733708
According to a minimalist version of Afriat's theorem, a consumer behaves as a utility maximizer if and only if a feasibility matrix associated with his choices is cyclically consistent. An essential experiment consists of observed consumption bundles (x_1,..., x_n) and a feasibility matrix...
Persistent link: https://www.econbiz.de/10010898589
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for "discrete axiom of revealed preference") is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our...
Persistent link: https://www.econbiz.de/10010899666
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for "discrete axiom of revealed preference") is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our...
Persistent link: https://www.econbiz.de/10010930079
Alvin Roth et Lloyd Shapley ont reçu en 2012 le prix de sciences économiques de la Banque Royale de Suède à la mémoire d'Alfred Nobel, pour leurs travaux sur l'organisation centralisée de certains marchés économiques, qui dépendent de l'appariement d'agents de deux types distincts (des...
Persistent link: https://www.econbiz.de/10010658928
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for "discrete axiom of revealed preference") is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our...
Persistent link: https://www.econbiz.de/10010328833
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for “discrete axiom of revealed preference”) is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our...
Persistent link: https://www.econbiz.de/10010877876
The folk theorem characterizes the (subgame perfect) Nash equilibrium payoffs of an undiscounted or discounted infinitely repeated game - with fully informed, patient players - as the feasible individually rational payoffs of the one-shot game. To which extent does the result still hold when...
Persistent link: https://www.econbiz.de/10010746981
For any TU game and any ranking of players, the set of all preimputations compat- ible with the ranking, equipped with the Lorenz order, is a bounded join semi-lattice. Furthermore the set admits as sublattice the S-Lorenz core intersected with the region compatible with the ranking. This result...
Persistent link: https://www.econbiz.de/10010899299
In a school choice context we show that considering only schools' priorities and the set of acceptable schools for each student - but not how these schools are ranked in their preferences - we can restrict the set of possible stable matchings that can arise for any preference profile of the...
Persistent link: https://www.econbiz.de/10010899800