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...

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...

This paper offers a "simple" model of housing markets with interdependent values. Here, we introduce private information on the quality of a house, which is known only to the initial owner. An ex-post preference of an agent is assumed to depend on such information. We prove that ex-post...

Under the present civil Sudanese conditions, the country endures many hardships which are manifested in economic retraction, inflation, recession and stagflation. However, those are not the sole reasons for the sporadic conflicts that infest the people. Illegitimate property and economic...

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...

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...

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...

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%...

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...

Legislative misbehavior is best curbed through rational legislating requirements, whereby legislators must include in the legislative record an explicit elaboration of the path of lawmaking - from evidence, through findings, to ultimate conclusions - that clearly sets out the analytic connection...