Narrow search
Showing 1 - 10 of 4,522
Cover Image
Government-sponsored microfinance program: Joint liability vs. individual liability
Mukherjee, Arghya Kusum; Kundu, Amit - In: Cogent Economics & Finance 2 (2014) 1, pp. 1-14
Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four … features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new … model of SGSY having these features: group lending with individual liability, progressive lending, back-ended subsidy, and …
Persistent link: https://www.econbiz.de/10011559127
Cover Image
Distributional effects in household models: Separate spheres and income pooling
Browning, Martin; Chiappori, Pierre Andre; Lechene, Valérie - 2006
We derive distributional effects for a non-cooperative alternative to the unitary model of household behaviour. We consider the Nash equilibria of a voluntary contributions to public goods game. Our main result is that, in general, the two partners either choose to contribute to different public...
Persistent link: https://www.econbiz.de/10010293065
Cover Image
Consistency, Monotonicity and Implementation of Egalitarian Shapley Values
van den Brink, René; Funaki, Yukihiko; Ju, Yuan - 2007
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10010325573
Cover Image
Axiomatization and Implementation of Discounted Shapley Values
van den Brink, Rene; Funaki, Yukihiko - 2010
We generalize the null player property (satisfied by the Shapley value) and nullifying player property (satisfied by the equal division solution) to the so-called delta-reducing player property, stating that a delta-reducing player (being a player such that any coalition containing this player...
Persistent link: https://www.econbiz.de/10010326064
Cover Image
A Strategic Implementation of the Average Tree Solution for Cycle-Free Graph Games
van den Brink, Rene; van der Laan, Gerard; Moes, Nigel - 2012
In this note we provide a strategic implementation of the average tree solution for zero-monotonic cycle-free graph games. That is, we propose a non-cooperative mechanism of which the unique subgame perfect equilibrium payoffs correspond to the average hierarchical outcome of the game. This...
Persistent link: https://www.econbiz.de/10010326336
Cover Image
The Egalitarian Sharing Rule in Provision of Public Projects
Savvateev, Alexei; Bogomolnaia, Anna; Le Breton, Michel; … - 2005
In this note we consider a society that partitions itself into disjoint jurisdictions, each choosing a location of its public project and a taxation scheme to finance it. The set of public project is multi-dimensional, and their costs could vary from jurisdiction to jurisdiction. We impose two...
Persistent link: https://www.econbiz.de/10010312438
Cover Image
Defining Rules in Cost Spanning Tree Problems Through the Canonical Form
Vidal-Puga, Juan J.; Bergantiños, Gustavo - 2004
We define the canonical form of a cost spanning tree problem. The canonical form has the property that reducing the cost of any arc, the minimal cost of connecting agents to the source is also reduced. We argue that the canonical form is a relevant concept in this kind of problems and study a...
Persistent link: https://www.econbiz.de/10011324968
Cover Image
On Liability Insurance for Automobiles
Flåm, Sjur Didrik; Wolfstetter, Elmar G. - 2010
Car owners are liable for property damage inflicted on other motorists. In most countries such liability must be … links between liability rules and vehicle choice. It presumes cooperative insurance, but non-cooperative acquisition of … vehicles. Thus, the Nash equilibrium and its degree of efficiency depend on the liability regime. …
Persistent link: https://www.econbiz.de/10010333956
Cover Image
The Formation of Networks with Transfers among Players
Jackson, Matthew O.; Bloch, Francis - 2004
We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We focus on games where players may bargain by promising or demanding transfer payments when forming links. We examine several variations of the transfer/bargaining aspect of link...
Persistent link: https://www.econbiz.de/10011324957
Cover Image
Group polarization in the team dictator game reconsidered
Luhan, Wolfgang J.; Kocher, Martin; Sutter, Matthias - 2007
While most papers on team decision-making find that teams behave more selfishly, less trustingly and less altruistically than individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within-subjects design we re-examine group...
Persistent link: https://www.econbiz.de/10010293433