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Brusco, Sandro; Jackson, Matthew O. - EconWPA - 1997

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

Efficient Egalitarian Equivalent Allocations over a Single Good

LiCalzi, Marco; Nicolò, Antonio - EconWPA - 2005

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

Envy-Freeness and Implementation in Large Economies

Jackson, Matthew O.; Kremer, Ilan - EconWPA - 2003

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

Efficiency and Voluntary Implementation in Markets with Repeated Pairwise Bargaining

Jackson, Matthew O.; Palfrey, Thomas R. - EconWPA - 1997

bargain through some extensive game form. We take an implementation approach, characterizing the possible allocation rules …

Persistent link: https://www.econbiz.de/10005062338

Gewährleisten umgesetzte WTO-Streitschlichtungsurteile offene Märkte? Eine Betrachtung am Beispiel des Zeitschriftenfalles

Zimmermann, Thomas A. - EconWPA - 2005

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

SELF-SELECTION UNDER NON-ORDERED VALUATIONS: TYPE-SPLITTING, ENVY-CYCLES, RATIONING AND EFFICIENCY

Nahata, Babu; Kokovin, Serguei; Zhelobodko, Evgeny - EconWPA - 2003

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

IE WP 02/04 Technology and the environment: an evolutionary approach to sustainable technological change

Carrillo-Hermosilla, Javier - EconWPA - 2005

Can the individual actions of agents spontaneously move the system out of a state where it is locked into an environmentally inferior technology, or is coordination from outside the system necessary in the form of public intervention? More importantly, even if the system were able to make the...

Persistent link: https://www.econbiz.de/10005556134

IE WP 20/03 An Evolutionary Approach to the Process of Technology Diffusion and Standardization

Carrillo-Hermosilla, Javier - EconWPA - 2005

the related phenomenon of standardization. Secondly, it aims to show a broadened and evolutionary view of the process of … technology standardization, avoiding the habitual determinism of conventional models of technology diffusion and lock-in. Finally … attributes of the technology standardization processes in them. To achieve these goals we have developed an agent based model …

Persistent link: https://www.econbiz.de/10005118866