Showing 1 - 10 of 18,976
Persistent link: https://www.econbiz.de/10011859847
Expected consumer's surplus rarely represents preferences over price lotteries. Still, I give sufficient conditions for policies which maximize aggregate expected surplus to be interim Pareto Optimal. Besides two standard partial equilibrium conditions, I assume that feasible prices satisfy a...
Persistent link: https://www.econbiz.de/10013064210
It is evident that linear programming model remains the most potent mathematical tool for the efficient allocation of scarce operational resources of an organization. Whilst projecting the graphical method as the easiest solution approach to linear programming where only two constraining factors...
Persistent link: https://www.econbiz.de/10013103795
We allocate objects to agents as exemplified primarily by school choice. Welfare judgments of the object-allocating agency are encoded as edge weights in the acceptability graph. The welfare of an allocation is the sum of its edge weights. We introduce the constrained welfare-maximizing...
Persistent link: https://www.econbiz.de/10012212842
We study the problem of how to allocate a set of indivisible objects like jobs or houses and an amount of money among a group of people as fairly and as efficiently as possible. A particular constraint for such an allocation is that every person should be assigned with the same number of objects...
Persistent link: https://www.econbiz.de/10014120927
lottery defined over those objects. A common efficiency notion, sd-efficiency, is obtained by extending the preference … rankings to preferences over lotteries by means of (first-order) stochastic dominance. Two alternative efficiency notions …, which we call dl- and ul-efficiency, are based on downward and upward lexicographic dominance, respectively. We show that sd …
Persistent link: https://www.econbiz.de/10012993968
Artificial intelligence (AI) is a key component in the field of antitrust, as it is utilized to analyze vast quantities of data with the aim of detecting indications of unjust business practices. This paper provides a comprehensive survey of the issue of algorithmic biases in computational...
Persistent link: https://www.econbiz.de/10014347220
Persistent link: https://www.econbiz.de/10012500950
Persistent link: https://www.econbiz.de/10011779722
Persistent link: https://www.econbiz.de/10014334882