In a recent article, Jain and Singh (2002) prove that a condition they call negligence liability is necessary and sufficient for any liability rule to be efficient. In this note I critique their result on two accounts: First, their result crucially depends on implicit restrictions they impose on...

This paper examines and compares mechanisms for finding Pareto optimal solutions to a many-to-many allocation problem. By explicitly introducing preference ordering and providing linear programming representations of the allocation problem, we study serial dictatorship and competitive matching...

We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in order to speed up the process, consider...

We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in order to speed up the process, consider...