Two impatient players bargain about the division of a pie under a standard bargaining protocol in discrete time with time-invariant recognition probabilities. Instantaneous utility is linear, but players discount the future by a constant factor. Before bargaining starts, a player can commit to a...

Coherent measures of risk defined by the axioms of monotonicity, subadditivity, positive homogeneity, and translation invariance are recent tools in risk management to assess the amount of risk agents are exposed to. If they also satisfy law invariance and comonotonic additivity, then we get a...

This paper is concerned with the number of profiles at which a nondictatorial social choice function is manipulable. For three or more alternatives the lower bound is derived when the social choice function is nondictatorial and unanimous. In the case of three alternatives the lower bound is...

Over de verhouding tussen overheid en markt wordt steeds vaker de grootst mogelijk onzin verkondigd. Dat gebeurt niet alleen in de universitaire (economische) wetenschap, maar vooral ook in de politieke wereld van de beleidsmakers. Dat heeft fatale gevolgen voor ons wetenschappelijk denken over...

In this paper we consider the p-coverage problem on the real line. We first give a detailed description of an algorithm to solve the coverage problem without the upper bound p on the number of open facilities. Then we analyze how the structure of the optimal solution changes if the setup costs...

In this paper we describe the problem of routing trains through a railway station. This routing problem is a subproblem of the automatic generation of timetables for the Dutch railway system. The problem of routing trains through a railway station is the problem of assigning each of the involved...

The strong sequential core for two-stage economies with a possibly incomplete set of assets in period zero and trade in commodities in period one consists of those goods allocations that are in the classical core and moreover, after realization of the state of nature, in the core of the economy...

Single-peaked preferences have played an important role in the literature ever since they were used by Black (1948) to formulate a domain restriction that is sufficient for theexclusion of cycles according to the majority rule. In this paper, we approach single-peakedness from a choice-theoretic...

This paper introduces new ejection chain strategies to effectively target vehicle routing problems with time window constraints (VRPTW). Ejection chain procedures are based on the idea of compound moves that allow a variable number of solution components to be modified within any single...

This paper proposes a new duration-based backtesting procedure for VaR forecasts. The GMM test framework proposed by Bontemps (2006) to test for the distributional assumption (i.e., the geometric distribution) is applied to the case of VaR forecast validity. Using simple J-statistics based on...