The strong version of the Coase Theorem suggests that in the absence of transactions costs, the distribution of resources is invariant to the assignment of the rights to those resources. While the theoretical work that underlies the Theorem is vast, the empirical work is less available. The...

This paper focuses on the immediate economic and systemic reasons of steadily increasing local government indebtedness and investment overheating in China. These two phenomena emerged between 2008 and 2011 as a direct consequence of an external shock caused by the global crisis and the...

We generalize the approach developed in our previous work on the efficient resources distribution in economic systems with a small number of elements based on entropy. In order to take into account the asymmetric resources distribution, a new set of two-parameter interpolating functions is...

Two organizations compete for high quality agents from a fixed population of heterogeneous qualities by designing how to distribute their resources among members according to their quality ranking. The peer effect induces both organizations to spend the bulk of their resources on higher ranks in...

As a resource-allocation method, free competition is generally considered more efficient and fairer than binding assignment, yet individuals’ hedonic experiences in these different resource-allocation conditions are largely ignored. Using a minimalistic experimental simulation procedure, we...

Рассмотрена задача рационального распределения ограниченных ресурсов по зависимым операциям в организационно-технических системах. Предложены...

Without any doubt, rapid digital technology advancement has a significant impact on the work of researchers in all scientific disciplines. Against this background, the major objective of this article is to give a brief overview of mobile device applications that enable continuous and seamless...

This paper describes the US Unemployment Insurance (UI) in particular the federal-state partnership in governance, funding and policy making. It discusses 'national interest' as defined by the Federal authorities in relation to UI: income support, economic and employment stabilization and...