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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

Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …

Persistent link: https://www.econbiz.de/10014023678

Cooperative strategic games

Kohlberg, Elon; Neyman, Abraham - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 3, pp. 825-851

The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...

Persistent link: https://www.econbiz.de/10012806287

Chapter 56 Values of games with infinitely many players

Neyman, Abraham - In: Handbook of game theory with economic applications : …, (pp. 2121-2167). 2002

This chapter studies the theory of value of games with infinitely many players.Games with infinitely many players are …

Persistent link: https://www.econbiz.de/10014024489

Chapter 5. Coalition Formation

Ray, Debraj; Vohra, Rajiv - In: Handbook of game theory with economic applications : …, (pp. 239-326). 2015

approaches to coalition formation, one based on cooperative game theory, the other based on noncooperative bargaining. Three …

Persistent link: https://www.econbiz.de/10014025454

Chapter 6 Axiomatic cost and surplus sharing

Moulin, Hervé - In: Handbook of social choice and welfare : volume 1, (pp. 289-357). 2002

output (or input) commodities, is a central theme of the theory of cooperative games with transferable utility. Ever since … microeconomic theory. More recently, the simpler problem of rationing a single commodity according to a profile of claims …

Persistent link: https://www.econbiz.de/10014023837

Chapter 55 Values of non-transferable utility games

McLean, Richard P. - In: Handbook of game theory with economic applications : …, (pp. 2077-2120). 2002

This chapter surveys a class of solution concepts for n -person games without transferable utility — NTU games for short — that are based on varying notions of “fair division”. An NTU game is a specification of payoffs attainable by members of each coalition through some joint course of...

Persistent link: https://www.econbiz.de/10014024490

Chapter 54 Variations on the shapley value

Monderer, Dov; Samet, Dov - In: Handbook of game theory with economic applications : …, (pp. 2055-2076). 2002

This survey captures the main contributions in the area described by the title that were published up to 1997. (Unfortunately, it does not capture all of them.) The variations that are the subject of this chapter are those axiomatically characterized solutions which are obtained by varying...

Persistent link: https://www.econbiz.de/10014024491

Chapter 53 The shapley value

Winter, Eyal - In: Handbook of game theory with economic applications : …, (pp. 2025-2054). 2002

This chapter surveys some of the literature in game theory that has emerged from Shapley's seminal paper on the Value …

Persistent link: https://www.econbiz.de/10014024492

Chapter Fifteen. Competitive Market Mechanisms as Social Choice Procedures

Hammond, Peter J. - In: Handbook of social choice and welfare : volume 2, (pp. 47-151). 2011

A competitive market mechanism is a prominent example of a nonbinary social choice rule, typically defined for a special class of economic environments in which each social state is an economic allocation of private goods, and individuals’ preferences concern only their own personal...

Persistent link: https://www.econbiz.de/10014025193