Within this framework of pure redistriubtion (dividing one unit of a homogeneous good among identical individuals), the paper analyses the redistributions that arise from Downsian two-party electoral competition. It appears that the strategic behavior of vote-maximizing parties lead them to...

Using density forecasts, we compare the predictive performance of dur ation models that have been developed fo modelling intra-day data on stock markets. Our model portfolio encompasses the auto regressive conditional duration (ACD) model, its logarithmic version (Log-ACD), the threshold...

An extremely simple proof of the K-K-M-S Theorem is given involving only Brouwer's fixed point theorem and some elementary calculus.

In this paper we consider a new analytic center cutting plane method in a projective space. We prove the efficiency estimates for the general schemeand show that these results can be used in the analysis of a feasibility problem, the variational inequality problem and the problem of constrained...

In a model of horizontal product differentiation, we show that local monopolied may exist under free entry when capital is perfectly mobile. In contrast both with the situation of restricted entry and with the zero-profit approach to free entry outcomens of Salop 91979), the unit profit rate of...