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we identify conditions under which preferences over sets of construction opportunities can be reduced to preferences …
Persistent link: https://www.econbiz.de/10005346001
Moulin (1999) characterizes the fixed-path rationing methods by efficiency, strategy-proofness, consistency, and resource-monotonicity. In this note, we give a straightforward proof of his result.
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with single-peaked preferences. Using the ordinal extension of preferences, we characterize the class of uniform …
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The concept of Ambiguity designates those situations where the information available to the decision maker is …? The present paper fi…lls these gaps. Speci…fically, it identifi…es those information structures that are incompatible with … information. These are used to give a formal de…finition of Ambiguity and, consequently, to distinguish between ambiguous and …
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The Model studies information sharing and the stability of cooperation in cost Research Joint Ventures (RJVs). …
Persistent link: https://www.econbiz.de/10005353055
This paper proposes an explanation of why efficient reforms are not carried out when losers have the power to plock their implementation.
Persistent link: https://www.econbiz.de/10005353057