Narrow search
Showing 1 - 10 of 73
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Bertrand Price Competition in a Social Environment
Tieman, Xander F.; van der Laan, Gerard; Houba, Harold - 1996
rule, based on thenotion of fairness or aspiration level. In this way an evolutionary process is specified.The main result …
Persistent link: https://www.econbiz.de/10010324441
Cover Image
Cooperative Games in Graph Structure
Herings, P. Jean-Jacques; van der Laan, Gerard; Talman, Dolf - 2000
In this paper we generalize the concept of coalitional games by allowingfor any organizational structure within coalitions represented by a graphon the set of players ot the coalition. A, possibly empty, set of payoffvectors is assigned to any graph on every subset of players. Such a gamewill be...
Persistent link: https://www.econbiz.de/10010324576
Cover Image
Short Patches of Outliers, ARCH and Volatility Modeling
Franses, Philip Hans; van Dijk, Dick; Lucas, André - 1998
In this paper we test for (Generalized) AutoRegressive Conditional Heteroskedasticity [(G)ARCH] in daily data on 22 exchange rates and 13 stock market indices using the standard Lagrange Multiplier [LM] test for GARCH and a LM test that is resistant to patches of additive outliers. The data span...
Persistent link: https://www.econbiz.de/10010324601