Revealed preference restrictions are increasingly used to bound demand responses and as shape restrictions in nonparametric estimation exercises. However, the restrictions imposed are not sufficient for rationality when predictions are made at more than a single price regime. We highlight the...

Does the exercise of the right of self-determination lead to inefficiency? This paper considers a set of centrally planned municipal mergers during the Meiji period, with data from Gifu prefecture. The observed merger pattern can be explained as a social optimum based on a very simple individual...

The 0-1 knapsack problem with a single continuous variable (KPC) is a natural extension of the binary knapsack problem (KP), where the capacity is not any longer fixed but can be extended which is expressed by a continuous variable. This variable might be unbounded or restricted by a lower or...