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underlying implementation duality. We show how this duality can be used to obtain a sharpening of the taxation principle, to …
Persistent link: https://www.econbiz.de/10010499578
Persistent link: https://www.econbiz.de/10010503462
underlying implementation duality. We show how this duality can be used to obtain a sharpening of the taxation principle, to …
Persistent link: https://www.econbiz.de/10013026253
Conjugate duality relationships are pervasive in matching and implementation problems and provide much of the structure …. In the absence of quasilinearity, a more abstract duality relationship, known as a Galois connection, takes the role of … (generalized) conjugate duality. While much weaker, this duality relationship still induces substantial structure. We show that …
Persistent link: https://www.econbiz.de/10012944599
Conjugate duality relationships are pervasive in matching and implementation problems and provide much of the structure …. In the absence of quasilinearity, a more abstract duality relationship, known as a Galois connection, takes the role of … (generalized) conjugate duality. While weaker, this duality relationship still induces substantial structure. We show that this …
Persistent link: https://www.econbiz.de/10012922807
This paper studies a decentralised job market model where firms (academic departments) propose sequentially a (unique) position to some workers (Ph.D. candidates). Successful candidates then decide whether to accept the offers, and departments whose positions remain unfilled propose to other...
Persistent link: https://www.econbiz.de/10011593289
We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes condition to markets with externalities, we establish that stable matchings exist when agent choices satisfy substitutability. We show that substitutability is a necessary...
Persistent link: https://www.econbiz.de/10012584081
A variety of empirical papers document the coexistence of exclusive and nonexclusive contracts within a given market across a multitude of industries. However, the theoretical literature has not been able to generate a differentiable model with the coexistence of these contracts. I rectify the...
Persistent link: https://www.econbiz.de/10014636236
African populations need better support through social protection mechanisms. Among those who need social security are millions of older people who, having worked all their lives in the formal sector, are in precarious situations with lower benefits. This study aims to appreciate theoretically,...
Persistent link: https://www.econbiz.de/10011581094
We consider an in nitely repeated reappointment game in a principal- agent relationship. Typical examples are voter-politician or government- public servant relationships. The agent chooses costly effort and enjoys being in office until he is deselected. The principal observes a noisy signal of...
Persistent link: https://www.econbiz.de/10010221102