equilibrium set. How easily the requirements for preference compatibility are met crucially depends on a property of the network … structure: neighborhood nestedness. This means that equilibrium selection succeeds in small, connected structures but also in …

consecutively Pareto improving is 100% and the fairness probability that by each integration the Gini coefficient consecutively … declines is almost 100%. Meanwhile, for the reversed-EU process, the efficiency and the fairness probabilities are less than 50 …

roughly mimicking relevant key features of the industrialized world shows that, at the general equilibrium, increased initial …

redistributes welfare not only from renters to landowners, but also within landowners. We show that the majority voting equilibrium … equilibrium toll can be equal or higher than the socially optimal level only if the majority of city residents own land within the …