-markets model, and the Sharpe-Lintner-Mossin Capital Asset Pricing Model (CAPM). This framework enabled us to measure how far our … discovered swift convergence towards equilibrium prices of Arrow and Debreu's model or the CAPM. This discovery is significant … walk, in favour of stochastic convergence towards CAPM and Arrow-Debreu equilibrium. …

competitive equilibrium in the media markets and evaluate the implications of targeting in advertising markets. An increase in the … targeting ability leads to an increase in the total number of purchases (matches), and hence in the social value of advertising …. Yet, an improved targeting ability also increases the concentration of firms advertising in each market. Surprisingly, we …

charge of food transfers, in terms of free food aid or food-for-work programs. We find that although targeting is clearly …

involving targeting workers with low incomes/abilities and targeting the unemployed under the criteria of "approximate welfare …

to incentives by targeting their efforts towards more able workers, implying that both the mean and the dispersion …

are used from a 1995 household survey to assess the scheme's success in targeting the most vulnerable households, using a …

We study the properties of alternative central bank targeting procedures within the standard New Keynesian model. We … find that Poole’s famous insights concerning the output stabilization properties of money and interest-rate targeting …. Unlike the popular presumption, money targeting always fares better for money demand shocks. For fiscal shocks, money …