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France Telecom (FT), SFR and Bouygues Telecom (BT) have been fined by France's Conseil de la Concurrence (CC) for organizing a mobile phone cartel with stable market shares (one-half, one-third and one-sixth respectively) and for directly exchanging commercial information. While not contesting...
Persistent link: https://www.econbiz.de/10014212678
Net multipliers, as introduced by Oosterhaven and Stelder (2002) accept outputs as entries instead of final demand. They are found by multiplying ordinary multipliers by the final demand ratio over the sector's output. This pragmatic solution suffers from ratio instability over time. The...
Persistent link: https://www.econbiz.de/10014109349
Universities looking to recruit or to rank researchers have to attribute credit scores to their academic publications. While they could use indexes, there remains the difficulty of coauthored papers. It is unfair to count an n-authored paper as one paper for each coauthor, i.e., as n papers...
Persistent link: https://www.econbiz.de/10014140806
Pressure to change the academic reviewing system is growing. We discuss two groups of proposals for introducing market mechanisms. First, Prüfer and Zetland (2009), based on Havrilesky (1975), create an auction system: manuscripts are submitted and auctioned to editors in "academic dollars",...
Persistent link: https://www.econbiz.de/10014141968
Considering households in inter-industry models is an important issue for building a realistic macroeconomic model. This is why we examine three attempts to close the Leontief input-output model, the classical approach (Type I and Type II multipliers), ten Raa model, and Klein model. Then we...
Persistent link: https://www.econbiz.de/10012966908
We address two problems of traditional cost functions: the discontinuity caused by the production capacity (the marginal cost abruptly becomes infinite when production capacity is reached) and the production capacity is artificially exogenous. So, we introduce a smoothed form of marginal cost...
Persistent link: https://www.econbiz.de/10012955929
We discuss the mathematical difficulties encountered in Patinkin's classical cartel model. It may be impossible to derive Patinkin's cartel by finding the reciprocal marginal cost functions: it could be impossible for cartel members to compute a solution, unless certain assumptions are made to...
Persistent link: https://www.econbiz.de/10013021111
We examine ibn Ezra's procedure (Rabinovitch 1973; O'Neill 1982) historically used to solve the Rights Arbitration problem in the general framework of bankruptcy problems. When the greatest claim is larger than or equal to the estate, the procedure is a maximal game (Aumann 2010). However, when the...
Persistent link: https://www.econbiz.de/10013031630
We examine the Talmudic three wives problem, which is a generalization of the Talmudic contested garment problem solved by Aumann and Maschler (1985) using coalitional procedure. This problem has many practical applications. In an attempt to unify all Talmudic methods, Guiasu (2010, 2011)...
Persistent link: https://www.econbiz.de/10013031631
After defining biproportion (or RAS) rigorously, we recall two fundamental theorems: unicity of biproportion (any biproportional algorithm leads to the same solution than biproportion, which turns biproportion into a mathematical tool as indisputable than proportion), ineffectiveness of...
Persistent link: https://www.econbiz.de/10013132781