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Despite the truthful dominant strategy, participants in strategy-proof me- chanisms submit manipulated preferences. In our model, participants dislike rejections and enjoy the confirmation from getting what they declared most desirable. Formally, the payoff from a match decreases in its position...
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The objective of this paper is to present different equity rules that can be applied to the initial allocation of … being ex ante favoured with respect to the initial allocation of permits might not hold ex post, i.e. when trade of permits …-to-pay allocation: The negative impact on the economic perfomance of the big economies leads to a drop of export demand in the smaller …
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Behavioral economics has so far largely avoided discussing the psychological origins of preferences, as well as their relation to needs. This has not only restricted interdisciplinary exchange, but also significantly limits the predictive capabilities of models. For example, the revealed...
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