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We consider a mechanism design problem for the provision of a binary excludable public good. We characterize the augmented serial rules [Ohseto (2005)] by strategy-proofness, envy-freeness, and access independence. This result is the positive answer to the first question left by Ohseto (2005)....
Persistent link: https://www.econbiz.de/10009294305
We study strategy-proof and fair mechanism in Shapley and Scarf (1974) economies. We introduce a new condition for fairness, we call envy-freeness for equal position. It requires that if one agent prefers the otherfs allocation, he should not prefer it to his allocation that is assigned at the...
Persistent link: https://www.econbiz.de/10009251328
We consider a mechanism design problem in economies with increasing returns. We construct a new class of rules, called w-hybrid rules, and characterize them by strategy-proofness, budget-balance, anonymity, envy-freeness, consumer sovereignty and non-bossiness. We also show that w-hybrid rules...
Persistent link: https://www.econbiz.de/10008727408
In this paper, we consider a relationship between equity and efficiency in queueing problems. We show that under strategy-proofness, anonymity in welfare implies queue-efficiency. Furthermore, we also give a characterization of the equally distributed pairwise pivotal rule, as the only rule that...
Persistent link: https://www.econbiz.de/10005710066
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We consider a mechanism design problem in economies with increasing returns. We construct a new class of rules, called w-hybrid rules, and characterize them by strategy-proofness, anonymity, envy-freeness, consumer sovereignty, and non-bossiness. We show that w-hybrid rules improve the supremal...
Persistent link: https://www.econbiz.de/10011190619
This paper uses Japanese prefectural panel data to analyze how income distribution affects economic growth. In the fixed effects and the GMM estimations, the income share of the third quintile has positive and statistically significant effects on five-year economic growth rates. On the other...
Persistent link: https://www.econbiz.de/10010885202
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded...
Persistent link: https://www.econbiz.de/10010887076