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The authors study market games with multiple posts per commodity. They provide some facts that characterize prices of commodities across posts and show some interesting results.
Persistent link: https://www.econbiz.de/10005634170
are identical across markets, so that all equilibria are equivalent to an equilibrium where all agents trade on a single …
Persistent link: https://www.econbiz.de/10005669218
This paper provides a methodology to study coalition formation problems with externalities and heterogeneous players, whensome subset of the players can act as "coalition developers" over time. The framework provided here allows to explicitly predict the timing of admission to coalitions, the...
Persistent link: https://www.econbiz.de/10005669314
We use laboratory experiments to analyze decentralized decision-making in one-sided matching markets. We find that …
Persistent link: https://www.econbiz.de/10008550237
We develop and experiment with new upper bounds for the constrained maximum-entropy sampling problem. Our partition …
Persistent link: https://www.econbiz.de/10005669347
claims. In this context, we investigate procedural and end-state principles of fairness, their implications and relations. To …, exchange rule. Using variants of fairness based on no-envy as end-state principles, we provide axiomatic characterizations of …, and also provide rationale for market-based environ- mental policy instruments (such as cap-and-trade schemes and personal …
Persistent link: https://www.econbiz.de/10011228291
Harsanyi (1955) proved that, in the context of uncertainty, social ratio- nality and the Pareto principle impose severe constraints on the degree of priority for the worst-off that can be adopted in the social evaluation. Since then, the literature has hesitated between an ex ante approach that...
Persistent link: https://www.econbiz.de/10008642214
Forgiveness is an ethical ideal that advocates that a fresh start should be conferred on those individuals who regret their past choices. Grounded on such a principle, Fleurbaey (2005) proposes the use of the equivalent endowment as the proper measure of the welfare loss experienced by those who...
Persistent link: https://www.econbiz.de/10010662643
This paper proposes a regional comparison of ex-post inequality of opportunity in France by measuring, within each region, the inequality between individuals exerting the same effort. According to the concept of equality of opportunity, inequalities due to factors for which the individual is not...
Persistent link: https://www.econbiz.de/10010662645
should jointly plan operations as to deal with the trade-off between the efficiency and the fairness. We propose a novel … on the fairness of the agreement. With this in mind, the firms can utilize transfer payments with the aim to achieve a … to benefit less from the collaboration. When comparing the quality of such approach with other notions of fairness, we …
Persistent link: https://www.econbiz.de/10010752815