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An Implementation Approach to Rotation Programs

Korpela, Ville; Lombardi, Michele; Saulle, Riccardo D. - 2021

common-pool resources, and rotation procedures in fair division problems. We study rotation programs via the implementation … between two consecutive states. We provide characterizing conditions for the implementation in rotation programs and show that …, for multi-valued rules, our notion of rotation monotonicity is necessary and sufficient for implementation. Finally, we …

Persistent link: https://www.econbiz.de/10012605973

Modelling firm mergers as a roommate problem

Angelov, Nikolay - 2006

We propose a way to model firm mergers using a matching game known as the roommate problem, whereby firms are assumed to make preference rankings of potential merger partners. The position of a firm in another firm's ranking is assumed to be governed by an index, which in turn consists of a...

Persistent link: https://www.econbiz.de/10010321524

Understanding Markov-switching rational expectations models

Farmer, Roger E.A.; Waggoner, Daniel F.; Zha, Tao - 2009

We develop a set of necessary and sufficient conditions for equilibria to be determinate in a class of forward-looking Markov-switching rational expectations models, and we develop an algorithm to check these conditions in practice. We use three examples, based on the new Keynesian model of...

Persistent link: https://www.econbiz.de/10010292280

The many faces of human sociality: Uncovering the distribution and stability of social preferences

Bruhin, Adrian; Fehr, Ernst; Schunk, Daniel - 2018

There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity concerns the motivational intricacies as well as the strength of other-regarding behaviors, and raises the question how one can parsimoniously model and characterize...

Persistent link: https://www.econbiz.de/10011969209

Financial intermediation chains in an OTC market

Shen, Ji; Wei, Bin; Yan, Hongjun - 2018

analyze the multiplicity and stability of the equilibrium. …

Persistent link: https://www.econbiz.de/10012030281

Contagion in Stable Networks

Bougheas, Spiros - 2017

We study the formation of networks in environments where agents derive benefits from other agents directly linked to them but suffer losses through contagion when any agent on a path connected to them is hit by a shock. We first consider networks with undirected links (e.g. epidemics,...

Persistent link: https://www.econbiz.de/10011816753

Political institutions, state capabilities and public policy: International evidence

Scartascini, Carlos; Stein, Ernesto; Tommasi, Mariano - 2008

This paper introduces preliminary evidence from a cross-country database of policy characteristics and potential uses of that database. While most databases have emphasized either the content of policies (e.g., size of government deficits) or countries' formal institutions (e.g., political...

Persistent link: https://www.econbiz.de/10010278299

Beyond truth-telling: A replication study on school choice

Andersson, Tommy; Kessel, Dany; Lager, Nils; Olme, Elisabet - 2024

) truth-telling assumption in favour of another assumption, called stability, using a single data set on school choice in …

Persistent link: https://www.econbiz.de/10014551787

On symmetry in the formation of stable partnerships

Gudmundsson, Jens - 2011

In this note, we examine the connection between the roommate model and the partnership formation model (Talman and Yang, 2011, Journal of Mathematical Economics 47, 206-212). Upon noting that both occasionally lack equilibria we look at the stable partnerships model, a combination of the former...

Persistent link: https://www.econbiz.de/10013208589

Assignment Games with Externalities

Gudmundsson, Jens; Habis, Helga - 2013

regarding the others' reaction following a deviation. The relationship of stability and optimality is also discussed, as is the …

Persistent link: https://www.econbiz.de/10013208655