We introduce a family of values for TU-games that offers a compromise between the proportional and equal division values. Each value, called an α-mollified value, is obtained in two steps. First, a linear function with respect to the worths of all coalitions is defined which associates a real...

We experimentally investigate the effect of a central bank buying bonds for cash in a quantitative easing (QE) operation. In our experiment, the bonds are perfect substitutes for cash and have a constant fundamental value which is not affected by QE in the rational expectations equilibrium. We...

We develop a novel model of price-fee competition in bilateral oligopoly markets with non-expandable infrastructures and costly transportation. The model captures a variety of real market situations and it is the continuous quantity version of the assignment game with indivisible goods on a .xed...