Similar Search Results

Coalitionally strategy-proof rules in allotment economies of homogeneous indivisible objects

Hatsumi, Kentaro; Serizawa, Shigehiro - 2007

We consider the allotment problems of homogeneous indivisible objects among agents with single-peaked and risk-averse von Neumann-Morgenstern expected utility functions. We establish that the rule satisfies coalitional strategy-proofness, same-sideness, and strong symmetry if and only if it is...

Persistent link: https://www.econbiz.de/10010332429

Fallacy of the multiplier effect: Correcting the income analysis

Ono, Yoshiyasu - 2006

Although the Keynesian multiplier effect of public works is criticized for lack of a microeconomic foundation, it is still taught in most undergraduate courses and believed to be useful for policy makers. However, it has a serious fallacy even if we accept the consumption function. This note...

Persistent link: https://www.econbiz.de/10010332430

Credit allocation of Japanese banks in the 1990s: Evidence from the short-term economic survey of enterprises

Ogawa, Kazuo - 2007

This study is an empirical attempt to investigate the effects of balance sheet deterioration of Japanese firms and banks during the 1990s on credit allocation using the Short-term Economic Survey of Enterprises. This survey includes a unique item: the proportion of firms perceiving the lending...

Persistent link: https://www.econbiz.de/10010332436

Secure implementation in Shapley-Scarf housing markets

Fujinaka, Yuji; Wakayama, Takuma - 2009

This paper considers the object allocation problem introduced by Shapley and Scarf (1974). We study secure implementation (Saijo, Sjöström, and Yamato, 2007), that is, double implementation in dominant strategy and Nash equilibria. We prove that (i) an individually rational solution is...

Persistent link: https://www.econbiz.de/10010332437

Exposure problem in multi-unit auctions

Gunay, Hikmet; Meng, Xin - 2012

We characterize the optimal bidding strategies of local and global bidders for two heterogenous licenses in a multi-unit simultaneous ascending auction. The global bidder wants to win both licenses to enjoy synergies; therefore, she bids more than her stand-alone valuation of a license. This...

Persistent link: https://www.econbiz.de/10010332442

Tariffs versus production subsidies as industry protection

Ogawa, Yoshitomo; Ono, Yoshiyasu - 2013

This paper provides a welfare comparison of a tariff with a combination of a production subsidy to, and a commodity tax on, an import-competing commodity in a two-country economy. We treat some plausible situations of industry protection, including where the initial tariff is above the optimal...

Persistent link: https://www.econbiz.de/10010332447

Regulated input price, vertical separation, and leadership in free entry markets

Matsumura, Toshihiro; Matsushima, Noriaki - 2012

We examine incentives of bottleneck facility holders to manipulate access charge accounting in free entry downstream markets. We consider the situation wherein one firm holds an upstream bottleneck facility and new entrants use it at the regulated price (access fee) to provide final products....

Persistent link: https://www.econbiz.de/10010332450

Multi-market competition, R&D, and welfare in oligopoly

Kawasaki, Akio; Lin, Ming Hsin; Matsushima, Noriaki - 2010

We investigate a multi-market Cournot model with strategic process R&D investments wherein a multi-market monopolist meets entrants that enter one of the markets. We find that entry can enhance the total R&D expenditure of the incumbent firm. That is, entry can stimulate R&D effort. Moreover,...

Persistent link: https://www.econbiz.de/10010332451

Collusion and research joint ventures

Miyagiwa, Kaz - 2007

We examine whether cooperation in R&D leads to product market collusion. Suppose that firms engage in a stochastic R&D race while maintaining the collusive equilibrium in a repeated-game framework. Innovation under competitive R&D creates inter-firm asymmetries, which destabilizes the collusive...

Persistent link: https://www.econbiz.de/10010332459

Analysis of Health and Activity Limitation Index (HALex), its distribution, and its distribution by income in Japan, 1989 and 1998

Asada, Yukiko; Ohkusa, Yasushi - 2002

It is a widely shared view in the population health field that the future of the analysis of population health lies in … the assessment both of the length of life and health-adjusted quality of life, and the parallel examination of the average … health and health distribution within a population. Using a nationally representative sample of the 1989 and 1998 wave of the …

Persistent link: https://www.econbiz.de/10010332468