Narrow search
Showing 1 - 10 of 1,403
Cover Image
Pareto Efficiency in the Jungle
Houba, Harold; Luttens, Roland Iwan; Weikard, Hans-Peter - 2014
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
Persistent link: https://www.econbiz.de/10010491374
Cover Image
When inefficiency begets efficiency
Gersbach, Hans; Haller, Hans - 2003
Collective consumption decisions taken by the members of a household may prove inefficient. The impact of such inefficient household decisions on market performance is investigated. At one extreme, market efficiency can occur even when household decisions are inefficient, namely when household...
Persistent link: https://www.econbiz.de/10010292768
Cover Image
Household Formation and Markets
Gersbach, Hans; Haller, Hans; Konishi, Hideo - 2013
We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partner's commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...
Persistent link: https://www.econbiz.de/10010323019
Cover Image
¿Impacta la calidad regulatoria de los servicios de infraestructura en el crecimiento económico y la distribución del ingreso? El caso de América Latina y el Caribe
Mastronardi, Leonardo; Chisari, Omar O.; Mercatante, Juan I. - 2022
Persistent link: https://www.econbiz.de/10014518308
Cover Image
Mistakes in cooperation: The stochastic stability of Edgeworth's recontracting
Serrano, Roberto; Volij, Oscar - 2003
In an exchange economyw ith a finite number of indivisible goods, we analyze a dynamic trading process of coalitional recontracting where agents may make mistakes with small probability. We show first that the recurrent classes of the unperturbed (mistakefree) process consist of (i) all core...
Persistent link: https://www.econbiz.de/10010318892
Cover Image
Power theory of exchange and money
Stefanov, Yaroslav - In: Economies 10 (2022) 1, pp. 1-16
consider power. The concept of generalized power is introduced. It is generalized power that serves as the primary comparable … and measurable objective basis of exchange. The power theory of exchange provides the objective price-equation. It is … demonstrated that money is a measure of generalized power in exchange and a certification of generalized power in subsequent …
Persistent link: https://www.econbiz.de/10013199967
Cover Image
Strategic capacity withholding through failures in the German-Austrian electricity market
Bergler, Julian; Heim, Sven; Hüschelrath, Kai - 2016
withholding through failures suggesting further monitoring efforts by public authorities to effectively reduce the likelihood of …
Persistent link: https://www.econbiz.de/10011419927
Cover Image
Die Versicherungsbranche unter FATCA
Witty, Magdalena; Kliebisch, Christine - 2012
Der Foreign Account Tax Compliance Act (FATCA) steht derzeit im Fokus der Finanzbranche. FATCA ist Teil des im März 2010 in Kraft getretenen sog. Hiring Incentives to Restore Employment Act (kurz: HIRE Act) und die US-amerikanische Antwort auf die derzeit stattfindende globale steuerliche...
Persistent link: https://www.econbiz.de/10010311019
Cover Image
Az adózói magatartás különféle magyarázatai
András, Semjén - 2016
The so called classic model of tax compliance behaviour interprets the problem as an individual decision under risk made by a single taxpayer. After a concise description of this model our literature survey investigates whether the empirical results found in the literature corroborate the...
Persistent link: https://www.econbiz.de/10011944897
Cover Image
Energy, hierarchy and the origin of inequality
Fix, Blair - 2018
Where should we look to understand the origin of inequality? Most research focuses on three windows of evidence: (1) the archaeological record; (2) existing traditional societies; and (3) the historical record. I propose a fourth window of evidence - modern society itself. I hypothesize that we...
Persistent link: https://www.econbiz.de/10011949502