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A centralized and federal patent system in the EU changes economic and constitutional law structures by creating a ‘nationalized' international patent. As the underlying economic policy has concentrated on the development needs of small and medium-sized enterprises (SMEs), accounting for 99%...
Persistent link: https://www.econbiz.de/10012834178
This paper presents a model of housing markets with interdependent values. Here, we introduce private information on the quality of a house (i.e., high or low), which is known only to the initial owner. Interdependency means that the ex-post preference of an agent depends on the private...
Persistent link: https://www.econbiz.de/10012951266
This paper investigates fair (i.e., envy free and efficient) allocations in an overlapping generations economy without production and with two - period lived agents. We show that there exists a conflict between no-envy and efficiency when all generations have identical preferences. This conflict...
Persistent link: https://www.econbiz.de/10012938330
We examine the strategy-proof allocation of multiple divisible and indivisible resources; an application is the assignment of packages of tasks, workloads, and compensations among the members of an organization. We find that any allocation mechanism obtained by maximizing a separably concave...
Persistent link: https://www.econbiz.de/10013057393
We show that any transferable utility game can be represented by an assignment of facilities to players, in which it is intuitively obvious how to allocate the total cost of the facilities. The intuitive solution in the representation turns out to be the Shapley value of the game, and thus...
Persistent link: https://www.econbiz.de/10012925101
We study situations of allocating positions to students based on priorities. An example is the assignment of medical students to hospital residencies on the basis of entrance exams. For markets without couples, e.g., for undergraduate student placement, acyclicity is a necessary and sufficient...
Persistent link: https://www.econbiz.de/10010547126
This Chapter aims to defend the Dependence Thesis - proved in Chapter Three - against important objections. Part 2 defends the Thesis against an argument from anti-theory in ethics. The anti-theory position maintains that abstract, general ethical theories do more harm than good. Part 2 rebuts...
Persistent link: https://www.econbiz.de/10014050061
This Chapter elucidates and defends the second premise of the Argument from Claims about Interest-Affecting Normative Requirement. The premise runs: A theory is a normative political theory just in case it claims that a certain set of normative requirements ranges over (a) some actions, or (b)...
Persistent link: https://www.econbiz.de/10014053865
The key constitutional issue surrounding the unitary patent system is the complete loss of national and the EU’s sovereignty in the context of industrial property and hence, use of technology – that is unprecedented. This context concerns the entire range of technological sectors including...
Persistent link: https://www.econbiz.de/10014356774
In its 2018 introduction and subsequent work, Quadratic Funding (QF) emerged as a uniquely optimal design for the democratic provision of public goods under the assumption of atomized participants with perfect rationality. In this paper, we aim to move past this rational and atomized portrayal...
Persistent link: https://www.econbiz.de/10014255237