Showing 1 - 10 of 105
indivisible goods literature (with the exception of the present context) thanks to their outstanding efficiency features. We …
Persistent link: https://www.econbiz.de/10009440996
indivisible goods that exclude the possibility that an agent benefits by regrouping goods in her initial endowment. We present a …
Persistent link: https://www.econbiz.de/10009452478
77 auction sites. Because of the company-wide implications of these analyses, the group will reprise its report at the …
Persistent link: https://www.econbiz.de/10009475804
This paper confronts the tractability problems that accompany IPV auction models with multi-unit bidder demands …
Persistent link: https://www.econbiz.de/10009458995
In an auction with a buy price, the seller provides bidders with an option to end the auction early by accepting a … transaction at a posted price. The "Buy-It-Now" option on eBay is a leading example of an auction with a buy price. This paper … develops a model of an auction with a buy price in which bidders use the auction's reserve price and buy price to formulate a …
Persistent link: https://www.econbiz.de/10009430058
, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search …
Persistent link: https://www.econbiz.de/10009432547
We discuss the structure of those polytopes in /R/n+ that are Minkowski sums of prisms. A prism is the convex hull of the origin and "n" positive multiples of the unit vectors. We characterize the defining outer surface of such polytopes by describing the shape of all maximal faces. As this...
Persistent link: https://www.econbiz.de/10009452473
General financial models have become workhorse models in the fields of macroeconomics and finance. These models have been developed and extensively studied by general equilibrium theorists. What makes them so applicable for macroeconomics and finance is the well accepted fact that models with a...
Persistent link: https://www.econbiz.de/10009439043
We quantify the effect of financial leverage on stock return volatility in a dynamic general equilibrium economy with debt and equity claims. The effect of financial leverage is studied both at a market and a firm level where the firm is exposed to both idiosyncratic and market risk. In a...
Persistent link: https://www.econbiz.de/10009441057
This paper considers the generalized second-best analytics of optimal restructuring under a political constraint, building on the modeling approach in Dehejia (1997). It is shown that the second-best optimum entails administering the terms of trade shock fully at the initiation of the reform,...
Persistent link: https://www.econbiz.de/10009477447