Showing 1 - 6 of 6
We study the optimal design of the rules of trade in a two-period market given that agents arrive at different times and may only trade with agents present contemporaneously. First period agents face a fixed cost of trading across periods, and their decisions of whether or not to trade in the...
Persistent link: https://www.econbiz.de/10005077051
This paper studies efficient and egalitarian allocations over a single heterogeneous and infinitely divisible good. We prove the existence of such allocations using only measure-theoretic arguments. Under the additional assumption of complete information, we identify a sufficient condition on...
Persistent link: https://www.econbiz.de/10005077064
We show that an asymptotic envy-freeness is a necessary condition for a form of robust approximate implementation in …
Persistent link: https://www.econbiz.de/10005135032
bargain through some extensive game form. We take an implementation approach, characterizing the possible allocation rules …
Persistent link: https://www.econbiz.de/10005062338
the implementation of rulings. Against this background, it is puzzling that the specific WTO procedure which deals with … allegedly insufficient implementation is used only in about one third of the cases where the need for implementation has arisen …. Yet, a closer look at the where implementation has allegedly occurred can partly resolve this puzzle: The defendant …
Persistent link: https://www.econbiz.de/10005408038
We analyze self-selection problem when valuations are non-ordered. The corresponding package-pricing solution has specific graph structure. It is helpful in deriving weak su±cient conditions for both partial e±ciency and Pareto-e±ciency. Unlike the ordered valuations case, Pareto e±ciency is...
Persistent link: https://www.econbiz.de/10005556519