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We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partner's commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...
Persistent link: https://www.econbiz.de/10010323019
strategy-proofness, Pareto-efficiency, individual rationality, and nonnegative payment on the domain that includes nonquasi …
Persistent link: https://www.econbiz.de/10010332480
establish: (i) on a common-object-ranking domain, the minimum price rule is the only rule satisfying efficiency, strategy …
Persistent link: https://www.econbiz.de/10011564952
demand preference relation, and there are more agents than objects, then no rule satisfies efficiency, strategy …
Persistent link: https://www.econbiz.de/10011307936
establish: (i) on a common-object-ranking domain, the minimum price rule is the only rule satisfying efficiency, strategy …
Persistent link: https://www.econbiz.de/10011477603
We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partnerś commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...
Persistent link: https://www.econbiz.de/10010189829
We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partner's commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...
Persistent link: https://www.econbiz.de/10011106298
We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partner’s commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...
Persistent link: https://www.econbiz.de/10010698700
net welfare metric which explicitly accounts for transactions cost of intervention as efficiency criterion. The new …
Persistent link: https://www.econbiz.de/10010530527
A group of actors, individuals or firms, can engage in collectively providing projects which may be costly or generating revenues and which may benefit some and harm others. Based on requirements of procedural fairness (Güth and Kliemt, 2013), we derive a bidding mechanism determining...
Persistent link: https://www.econbiz.de/10010323894