We analyze a decentralized trading process in a basic labor market where heterogeneous firms and workers meet directly and randomly, and negotiate salaries with each other over time. Firms and workers may not have a complete picture of the entire market and can thus behave myopically in the...

Precedent research based on data envelopment analysis (DEA) has been conducted to rank and benchmark the achievements of participating nations/regions in the Olympics, while this paper contributes to the Asian Games, with further concerns on two main issues, namely the common comparison basis...

We develop a model of assignment games with pairwise-identity-dependent externalities. A concept of conjectural equilibrium is proposed, and the universal conjecture is shown to be the necessary and sufficient condition for the general existence of equilibrium. We then apply the solution concept...

We provide a novel characterization of the feasible payoff set of a general two-player repeated game with unequal discounting. In particular, we show that generically the Pareto frontier shifts outwards and the feasible payoff set expands in the sense of set inclusion, as the time horizon...

Dehydrated Xilinhaote lignite (XL) and Huolinguole lignite (HL) were depolymerized in supercritical methanol at 310°C and the resulting soluble reaction mixtures were analyzed with GC/MS. The results show that the GC/MS-detectable species can be classified into hydroxybenzenes (HBs), esters,...

We introduce a “dynamic non-equivalent utilities” (DNEU) condition and the notion of dynamic player-specific punishments for a general repeated game with unequal discounting, both naturally generalizing the stationary counterparts in Abreu et al. (1994). We show that if the DNEU condition,...

There are two strands of approaches gauging bilateral trade barriers: the gravity models and the trade intensity index. This paper integrates these two approaches by developing a new trade intensity index. This so called “gravity model adjusted trade intensity” (GMATI) index can reflect the...

We analyze a decentralized trading process in a basic labor market where heterogeneous firms and workers meet directly and randomly, and negotiate salaries with each other over time. Firms and workers may not have a complete picture of the entire market and can thus behave myopically in the...