Showing 1 - 10 of 55
up to move from a given utility level to any bundle. Therefore the benefit function associates to any bundle of goods … another bundle that lies on a given indifference curve. This enables one to derive an inverse demand function which is defined … as the support price of this associated bundle. The classification of goods between complements and substitutes is then …
Persistent link: https://www.econbiz.de/10008793788
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that … the data by a well-behaved utility function. Our results complement the main finding of Polisson and Quah, Am. Econ. J ….: Micro. 5(1) p.28-34 (2013), who rather minimally modify the original consumer problem with indivisible goods so that the …
Persistent link: https://www.econbiz.de/10010930079
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that … the data by a well-behaved utility function. Our results complement the main finding of Polisson and Quah, Am. Econ. J ….: Micro. 5(1) p.28-34 (2013), who rather minimally modify the original consumer problem with indivisible goods so that the …
Persistent link: https://www.econbiz.de/10010899666
modelled as a multiple criteria auction, and an auctioneer (a government employee) who has discretion in devising the selection … auction into a symmetric information auction (in bribes) for a common value prize. In a repeated setting we show that …
Persistent link: https://www.econbiz.de/10010738980
This paper investigates links between corruption and collusion in procurement. A first-price multiple-object auction is … auction designers, competition authorities and criminal courts is that risks of collusion and of corruption must be addressed …
Persistent link: https://www.econbiz.de/10010739053
anti-exchange closure operators and path independent choice operators is a duality between two semilattices of such … operators. Then we use this duality to obtain results concerning the "ordinal" representations of path independent choice …
Persistent link: https://www.econbiz.de/10010750675
Moore family (respectively, a convex geometry) to one of its lower covers in the lattice of all Moore families (respectively … computing it. Finally, we prove that the lattice of all ideals of a given poset P is the only convex geometry having a poset of …
Persistent link: https://www.econbiz.de/10010738644
success, leading to substantial progress towards matching real world statistics. …
Persistent link: https://www.econbiz.de/10010930194
composite goods from private firms. Such a policy unambiguously increases employment. It also raises private consumption and …
Persistent link: https://www.econbiz.de/10009369658
Focussing on their analysis of the optimal public goods provision problems, this paper follows the parallel development … of equilibrium models and mechanism design after the accommodation of Samuelson's definition of collective goods to the … optimal public goods provision throught market or market-like institutions. …
Persistent link: https://www.econbiz.de/10010603927