In this paper, we consider a relationship between equity and efficiency in queueing problems. We show that under strategy-proofness, anonymity in welfare implies queue-efficiency. Furthermore, we also give a characterization of the equally distributed pairwise pivotal rule, as the only rule that...

In this paper, we consider dominant strategy implementation in classical pure exchange economies with free disposal. We show that quasi-strong-non-bossiness and strategy-proofness together are necessary and sufficient for dominant strategy implementation via the direct revelation mechanism....

We consider the problem of sharing a divisible good, where agents prefer more to less. First, we prove that a sharing rule satisfies strategy proofness if and only if it has the quasi-constancy property: no one changes her own share by changing her announcements. Next, by constructing a system...

We consider the problem of allocating several units of an indivisible object among the agents with single-peaked and risk-averse utility functions. We introduce equal probability for the best, and show that the randomized uniform rule is the only randomized rule satisfying strategy-proofness,...

We propose a new empirical approach to analyzing fiscal decentralization and apply it to Chinese intergovernmental fiscal relationships between the central government and provincial governments. In calculating budgetary revenue and expenditure shares, we include extra budgetary revenue and...

In this paper, we investigate a new concept of a market's commodity-information structure (a partition of the set of real goods that are treated as one commodity for market exchanges) and technologies relat- ing to it, commodity-information technologies. Using this concept, we can always...

This paperfs main purpose is to introduce a new concept of the marketfs commodity-information structure (a partition of the set of real goods that are treated as one commodity for market ex- changes) on which we base our ordinary static general equilibrium arguments and settings to analyze...

In this paper, I show that accountability for inflation target will improve social welfare when the central bank makes transparency-opaqueness choices endogenously. The key elements are uncertainty of the firmsf informational quality, the opacity bias of constrained discretionay monetary policy...

This paper examines the optimal entry policy towards oligopoly in an globalized world. In an open economy free entry is socially suboptimal, but corrective tax policy to curb entry proves insufficient unless internationally harmonized. Thus, while conferring the gains from trade, globalization...