Showing 1 - 10 of 219
We consider the allocation of a finite number of indivisible objects to the same number of agents according to an exogenously given queue.We assume that the agents collaborate in order to achieve an efficient outcome for society.We allow for side-payments and provide a method for obtaining...
Persistent link: https://www.econbiz.de/10011092641
weighted Lorenz-criterion as an inequality measure. It is shown that in general there is at most one such weighted egalitarian …
Persistent link: https://www.econbiz.de/10011090971
This paper explores the manner in which the structure of a social network constrains the level of inequality that can … networks and show that those with larger maximum independent sets can sustain greater levels of inequality. The intuition … for coalitional deviations. We also demonstrate that standard centrality measures do not consistently predict inequality …
Persistent link: https://www.econbiz.de/10011092255
This paper investigates how initial inequality can causally affect economic growth when moral hazard problems exist in … part, the negative relationship between initial inequality and long run growth is discovered, using cross-province data in … theoretical model empirically. Finally, we argue that this channel to bridge inequality and economic growth is more rural specific. …
Persistent link: https://www.econbiz.de/10011090401
We measure the contribution of fiscal decentralization to trust in government. Using repeated cross-country survey data of individuals on several measures of trust in govern- ment over the 1994-2007 period, we estimate an ordered response model of the government trust and fiscal decentralization...
Persistent link: https://www.econbiz.de/10011090404
We consider cooperative games with transferable utility (TU-games), in which we allow for a social structure on the set of players, for instance a hierarchical ordering or a dominance relation.The social structure is utilized to refine the core of the game, being the set of payoffs to the...
Persistent link: https://www.econbiz.de/10011091453
Persistent link: https://www.econbiz.de/10011092774
Persistent link: https://www.econbiz.de/10011090291
In this paper we characterize the class of games for which the core coincides with the core cover (compromise stable games).Moreover we will develop an easy explicit formula for the nucleolus for this class of games, using an approach based on bankruptcy problems.Also the class of convex...
Persistent link: https://www.econbiz.de/10011090315
This paper considers two-stage solutions for multi-issue allocation situations.Characterisations are provided for the two-stage constrained equal awards and constrained equal losses rules, based on the properties of composition and path independence.
Persistent link: https://www.econbiz.de/10011090325