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Ties matter: improving efficiency in course allocation by introducing ties

Chen, Ning; Li, Mengling - Volkswirtschaftliche Fakultät, … - 2013

We study the course allocation system at Nanyang Technological University, where students submit strict preferences for courses and courses have implicit preferences for students. This formulates a many-to-many matching problem. We show the inefficiencies of the current mechanism and propose new...

Persistent link: https://www.econbiz.de/10011107943

Bribery and Threat

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2013

In their recent work Thomas S. Schelling (2007, 2010), reiterating original arguments about game theory and its … applications to social sciences. In particular, game theory helps to explore situations in which agents make decisions … interdependent (strategic communication). Schelling's originality is to extend economic theory to social sciences. When a player can …

Persistent link: https://www.econbiz.de/10011111447

Diszkriminatív áras és egyenáras aukciók

Monostori, Zoltan - Volkswirtschaftliche Fakultät, … - 2013

A tanulmány célja az értékpapírok esetében leggyakrabban alkalmazott két aukciós technika (az egyenáras és a diszkriminatív áras aukció) összehasonlító elemzése. A szakirodalom elsősorban az aukció várható bevétele szempontjából elemzi a módszereket. Az elméleti...

Persistent link: https://www.econbiz.de/10011258696

A comment on: 'Efficient propagation of shocks and the optimal return on money'

Huang, Pidong; Igarashi, Yoske - Volkswirtschaftliche Fakultät, … - 2011

Lotteries are introduced into Cavalcanti and Erosa (2008) [2], a version of Trejos and Wright (1995) [4] with aggregate shocks. Lotteries improve welfare and eliminate the two notable features of the optimum with deterministic trades: over-production and history-dependence. Moreover, the optimum...

Persistent link: https://www.econbiz.de/10011112794

Influence of structure and ownership of lignite opencast mine and power plant bilateral monopoly on its operation

Jurdziak, Leszek - Volkswirtschaftliche Fakultät, … - 2006

point of view of economic effectiveness based on a bilateral monopoly (BM) model and game theory approach with usage of pit …

Persistent link: https://www.econbiz.de/10005621675

Sequential bargaining with pure common values and incomplete information on both sides

Schweinzer, Paul - Volkswirtschaftliche Fakultät, … - 2006

We study the alternating-offer bargaining problem of sharing a common value pie under incomplete information on both sides and no depreciation between two identical players. We characterise the essentially unique perfect Bayesian equilibrium of this game which turns out to be in gradually...

Persistent link: https://www.econbiz.de/10005739683

Sequential bargaining with pure common values

Schweinzer, Paul - Volkswirtschaftliche Fakultät, … - 2006

We study the alternating-offers bargaining problem of assigning an indivisible and commonly valued object to one of two players in return for some payment among players. The players are asymmetrically informed about the objectâ€™s value and have veto power over any settlement. There is no...

Persistent link: https://www.econbiz.de/10005785835

First-mover disadvantage

Mylovanov, Tymofiy - Volkswirtschaftliche Fakultät, … - 2005

This note considers a bargaining environment with two-sided asymmetric information and quasilinear preferences in which parties select bargaining mechanism after learning their valuations. I demonstrate that sometimes the buyer achieves a higher ex-ante payoff if the bargaining mechanism is...

Persistent link: https://www.econbiz.de/10005785853

Schemat arbitrażowy Nasha, a podział zysków w bilateralnym monopolu kopalni węgla brunatnego i elektrowni. Cześć pierwsza – podstawy teoretyczne

Jurdziak, Leszek - Volkswirtschaftliche Fakultät, … - 2006

The newest findings in analysis of bilateral monopoly (BM) of lignite opencast mine & power plant have been discussed. The determinism of optimal solution not only in quantity of lignite (the size and shape of the ultimate pit) but also in its price has been depicted. It has been proposed to...

Persistent link: https://www.econbiz.de/10005787000

Negocjacje pomiędzy kopalnią węgla brunatnego a elektrownią jako kooperacyjna, dwuetapowa gra dwuosobowa o sumie niezerowej

Jurdziak, Leszek - Volkswirtschaftliche Fakultät, … - 2006

techniques, BM model, game theory and their valuation as real options is the new direction of further research. …

Persistent link: https://www.econbiz.de/10005789284