A new algorithm for the group minimization problem (GP) is proposed. The algorithm can be broadly described as follows …-known algorithm of Glover, and checked for non-negativity. The first non-negative point is an optimal solution of (GP). Advantages and … disadvantages of the algorithm are discussed; in particular, the implementation of the algorithm (which can be easily extended so as …

technical efficiency. We examine how industrial firms responded to China's severe power shortages in the early 2000s. Fast …

India, seeking to reduce electricity shortages, set up a new power market, in which transmission constraints sharply … limit trade between regions. I use confidential bidding data to estimate the costs of power supply and simulate market …

political power decides the allocation of resources. We show that Pareto efficient allocations take a quasi-Markovian structure … and can be represented recursively as a function of the identity of the group in power and updated Pareto weights. For … disappear and labor supply and consumption levels fluctuate over time. The labor supply of groups that are not in power are …

theoretical results are summarized in a number of propositions. We discuss the implications of the theory, comment on its relation …

public schooling. We develop a theory which integrates private education and fertility decisions with voting on public … political power can lead to multiple equilibria in the determination of public education spending. The main predictions of the … theory are consistent with state-level and micro data from the United States as well as cross-country evidence from the PISA …

system, and second, that presidents have more power with respect to their own coalition than prime ministers do. These … setting power to another group. We argue that the model is consistent with a great deal of qualitative information about …

and others in specialization. Our theory throws light on the nature of hierarchy, the optimal degree of decentralization …