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The Dvoretzky-Wald-Wolfowitz theorem and purification in atomless finite-action games

Khan, M.; Rath, Kali; Sun, Yeneng - In: International Journal of Game Theory 34 (2006) 1, pp. 91-104

Persistent link: https://www.econbiz.de/10005375605

Strict Nash equilibria in large games with strict single crossing in types and actions

Bilancini, Ennio; Boncinelli, Leonardo - Dipartimento di Economia "Marco Biagi", Università … - 2010

In this paper we study games where the space of player types is atomless, action spaces are second countable, and …

Persistent link: https://www.econbiz.de/10008470227

Separable spatial modeling of spillovers and disturbances

Pace, R.; Zhu, Shuang - In: Journal of Geographical Systems 14 (2012) 1, pp. 75-90

Persistent link: https://www.econbiz.de/10010867962

Two-Segment Separable Programming

Meyer, R. R. - In: Management Science 25 (1979) 4, pp. 385-395

New iterative separable programming techniques based on two-segment, piecewise-linear approximations are described for … the minimization of convex separable functions over convex sets. These techniques have two advantages over traditional … separable programming methods. The first is that they do not require the cumbersome "fine grid" approximations employed to …

Persistent link: https://www.econbiz.de/10009204270

Additive representation of separable preferences over infinite products

Pivato, Marcus - Volkswirtschaftliche Fakultät, … - 2011

Let X be a set of states, and let I be an infinite indexing set. Our first main result states that any separable …

Persistent link: https://www.econbiz.de/10008805853

Collective Labour Supply: Heterogeneity and Non-Participation

Blundell, Richard William; Chiappori, Pierre-André; … - C.E.P.R. Discussion Papers - 2005

We present identification and estimation results for the 'collective' model of labour supply in which there are discrete choices, censoring of hours and non-participation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions implied...

Persistent link: https://www.econbiz.de/10005504396

On Roots of Housing Bubbles

Basci, Erdem; Saglam, Ismail - Türkiye Cumhuriyet Merkez Bankası - 2008

This paper is about instability of equilibrium real rents in a pure exchange economy. Our main result hinges upon a low degree of substitutability between housing services and other commodities together with a low share of owner-occupied houses. We argue that regions or economies with a low...

Persistent link: https://www.econbiz.de/10005504821

Sticky Rents and the Stability of Housing Cycles

Basci, Erdem; Saglam, Ismail - Türkiye Cumhuriyet Merkez Bankası - 2009

This paper presents a simple model of housing cycles in a two good economy. We establish that nonsubstitutability between housing services and other commodities along with high degree of heterogeneity in home ownership may lead to a stable spiral path converging to a steady-state equilibrium of...

Persistent link: https://www.econbiz.de/10005504823

A non-parametric bound on substitution bias in the UK retail prices index

Blow, Laura; Crawford, Ian - Institute for Fiscal Studies (IFS) - 1999

This paper uses revealed preference restrictions and nonparametric statistical methods to bound true cost-of-living indices. These are compared to the popular price indices including the type used to calculated the UK RPI. This is used to assess the method of calculating the RPI for substitution...

Persistent link: https://www.econbiz.de/10005509505

Household Nash equilibrium with voluntarily contributed public goods

Lechene, Valérie; Preston, Ian - Institute for Fiscal Studies (IFS) - 2005

We study noncooperative models with two agents and several voluntarily contributed public goods. We focus on interior equilibria in which neither agent is bound by non negativity constraints, establishing the conditions for existence and uniqueness of the equilibrium. While adding-up and...

Persistent link: https://www.econbiz.de/10005509507