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We introduce the class of Obligation rules for minimum cost spanning tree situations.The main result of this paper is that such rules are cost monotonic and induce also population monotonic allocation schemes.Another characteristic of Obligation rules is that they assign to a minimum cost...
Persistent link: https://www.econbiz.de/10011090299
In this paper an optimal control model is presented to design enforcement programs minimizing the social costs from …
Persistent link: https://www.econbiz.de/10011090396
We study the optimal capacity and lifetime of landfills taking into account their sequential nature.Such an optimal capacity is characterized by the so-called Optimal Capacity Condition.Particular versions of this condition are obtained for two alternative settings: first, if all the landfills...
Persistent link: https://www.econbiz.de/10011090644
The aim of this paper is to introduce and axiomatically characterize the P-value as a rule to solve the cost sharing problem in minimum cost spanning tree (mcst) situations.The P-value is related to the Kruskal algorithm for finding an mcst.Moreover, the P-value leads to a core allocation of the...
Persistent link: https://www.econbiz.de/10011090677
Persistent link: https://www.econbiz.de/10011090771
It has been argued that rising dowry payments are caused by population growth.According to that explanation, termed the `marriage squeeze', a population increase leads to an excess supply of brides since men marry younger women.As a result, dowry payments rise in order to clear the marriage...
Persistent link: https://www.econbiz.de/10011091293
In contrast to most dowry oriented societies where payments have declined with modernisation, those in India have undergone significant inflation over the last five decades.This paper explains the difference between these two experiences by focusing on the role played by caste.The theoretical...
Persistent link: https://www.econbiz.de/10011092377
mechanism is modeled as an abstract trade center exhibiting setup costs, access costs and linear transaction costs. Exactly one …
Persistent link: https://www.econbiz.de/10011092486
analyze the e.- ciency costs implied by the distributional constraint that adverse impacts on profits in particular industries … must be avoided.Both models indicate that the e.ciency cost implied by this constraint dwarfs the other e.ciency costs when … this constraint diminishes relative to the other e.ciency costs of pollution-control.We also calculate the compensation …
Persistent link: https://www.econbiz.de/10011092519
I introduce a microfounded model of campaign finance with office-seeking politicians, a continuum of voters, and a large number of heterogeneous lobbies. Lobbies make contributions to politicians according to a common agency framework. Politicians use contributions to finance their electoral...
Persistent link: https://www.econbiz.de/10011092621