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The Reverse Talmud Rule for Bankruptcy Problems
van den Brink, Rene; Funaki, Yukihiko; van der Laan, Gerard - 2008
We introduce a new solution for bankruptcy problems that satisfies weaker versions of the Exemption en Exclusion properties from the literature. Although the principles of Exclusion and Exemption are appealing, the specific conditions under which an agent receives its claim, respectively...
Persistent link: https://www.econbiz.de/10010325860
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Rich meets Poor - An International Fairness Experiment
Cappelen, Alexander W.; Moene, Karl Ove; Sørensen, Erik Ø. - 2008
conducted a real effort fairness experiment where people in two of the world's richest countries, Norway and Germany, interacted …
Persistent link: https://www.econbiz.de/10010326015
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An Axiomatic Analysis of Joint Liability Problems with Rooted -Tree Structure
Oishi, Takayuki; van der Laan, Gerard; van den Brink, René - 2016
For joint liability problems concerning tort law, a legal compensation scheme may be based on lower and upper bounds of compensation for injury and on case-system consistency. Introducing several properties inspired from this observation, we analyze compensation schemes axiomatically under the...
Persistent link: https://www.econbiz.de/10011526119
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Cutthroat capitalism versus cuddly socialism : are Americans more meritocratic and efficiency-seeking than Scandinavians?
Almås, Ingvild; Cappelen, Alexander W.; Tungodden, Bertil - In: Journal of political economy 128 (2020) 5, pp. 1753-1788
Persistent link: https://www.econbiz.de/10012416978
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The effect of early-childhood education on social preferences
Cappelen, Alexander W.; List, John A.; Samek, Anya Savikhin - In: Journal of political economy 128 (2020) 7, pp. 2739-2758
Persistent link: https://www.econbiz.de/10012417209
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An Efficient and Fair Solution for Communication Graph Games
van den Brink, René; Khmelnitskaya, Anna; van der … - 2011
efficiency, fairness and a new axiom called component balancedness. This latter axiom compares for every component in the …
Persistent link: https://www.econbiz.de/10014043850
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General Equilibrium in Economies with Infinite Dimensional Commodity Spaces: A Truncation Approach
van der Laan, Gerard; Withagen, Cees - 2000
Mostly infinite dimensional economies can be considered limits offinite dimensional economies, in particular when we think of time orproduct differentiation. We investigate conditions under which sequences of quasi-equilibria in finite dimensional economies converge to a quasi-equilibrium in the...
Persistent link: https://www.econbiz.de/10010324675
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An Efficient and Fair Solution for Communication Graph Games
van den Brink, Rene; Khmelnitskaya, Anna; van der Laan, … - 2011
efficiency, fairness and a new axiom called component balancedness. This latter axiom compares for every component in the …
Persistent link: https://www.econbiz.de/10010325828
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The Component Fairness Solution for Cycle-free Graph Games
Herings, P. Jean-Jacques; van der Laan, Gerard; Talman, Dolf - 2005
with one another. We introduce a new single-valued solution concept, the component fairness solution. Our solution is … characterized by component efficiency and component fairness. The interpretation of component fairness is that deleting a link … the players in the component. Component fairness replaces the axiom of fairness characterizing the Myerson value, where …
Persistent link: https://www.econbiz.de/10010325416
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SETS, Arbitrage Activity, and Stock Price Dynamics
Taylor, Nick; van Dijk, Dick; Franses, Philip Hans; … - 1999
This paper provides an empirical description of the relationshipbetween the trading system operated by a stockexchange and the transaction costs faced by heterogeneous investors who use the exchange. Therecent introduction ofSETS in the London Stock Exchange provides an excellent opportunity...
Persistent link: https://www.econbiz.de/10010324378