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Payment schemes for sustaining cooperation in dynamic games

Parilina, Elena M.; Zaccour, Georges - In: Journal of economic dynamics & control 139 (2022), pp. 1-19

Persistent link: https://www.econbiz.de/10013464901

Ju, Biung-Ghi - Department of Economics, University of Kansas - 2003

rules satisfying efficiency, individual rationality, and strategy-proofness. However, when aggregate uncertainty holds, we …

Persistent link: https://www.econbiz.de/10005057394

Mechanism design in queueing problems

Mitra, Manipushpak - In: Economic Theory 17 (2001) 2, pp. 277-305

which achieves truth-telling in dominant strategies, efficiency and budget balancedness (or first best implementability). On …

Persistent link: https://www.econbiz.de/10005753426

Homothetic Efficiency and Test Power: A Non-Parametric Approach

Heufer, Jan; Hjertstrand, Per - 2015

We provide a nonparametric revealed preference approach to demand analysis based on homothetic efficiency … homothetic efficiency of consumption choices. It generalises Heufer's (2013) two-dimensional concept to arbitrary dimensions and …

Persistent link: https://www.econbiz.de/10011288415

Jefficiency vs. efficiency in social network models

Moebert, Jochen - 2006

The mainly used welfare criterion in the social network literature is Bentham´s utilitarian concept. The shortcomings of this concept are well-known. We compare the outcomes of the utilitarian concept with the Nash social welfare function. By using a Taylor approximation we deduce a formula...

Persistent link: https://www.econbiz.de/10010267071

Homothetic Efficiency. A Non-Parametric Approach

Heufer, Jan; Hjertstrand, Per - 2014

efficiency. Homotheticity is a useful restriction or assumption but data rarely satisfy testable conditions. To overcome this … problem, this article provides a way to estimate homothetic efficiency of consumption choices by consumers. The basic … efficiency index suggested is similar to Afriat's (1972) efficiency index and Varian's (1993) violation index. It generalises …

Persistent link: https://www.econbiz.de/10010420991

Consistent Subsets – Computationally Feasible Methods to Compute the Houtman-Maks-Index

Heufer, Jan; Hjertstrand, Per - 2014

We provide two methods to compute the largest subset of a set of observations that is consistent with the Generalised Axiom of Revealed Preference. The algorithm provided by Houtman and Maks (1985) is not comput ationally feasible for larger data sets, while our methods are not limited in that...

Persistent link: https://www.econbiz.de/10010436148

Homothetic efficiency and test power : a non-parametric approach

Heufer, Jan; Hjertstrand, Per - 2015

Persistent link: https://www.econbiz.de/10010532589

When inefficiency begets efficiency

Gersbach, Hans; Haller, Hans - 2003

inefficient household decisions on market performance is investigated. At one extreme, market efficiency can occur even when … market. At the other extreme, market efficiency is bound to fail, if household inefficiencies are solely caused by an … stability requires efficient or not too inefficient internal distribution. -- allocative efficiency ; general equilibrium …

Persistent link: https://www.econbiz.de/10009725479

Homothetic efficiency : a non-parametric approach

Heufer, Jan; Hjertstrand, Per - 2014

efficiency. Homotheticity is a useful restriction or assumption but data rarely satisfy testable conditions. To overcome this … problem, this article provides a way to estimate homothetic efficiency of consumption choices by consumers. The basic … efficiency index suggested is similar to Afriat’s (1972) efficiency index and Varian’s (1993) violation index. It generalises …

Persistent link: https://www.econbiz.de/10010399444