This paper defines a notion of semi-stability for matching problem with couples, which is a natural generalization of, and further identical to, the conventional stability for matching without couples. It is shown that there always exists a semi-stable matching for couples markets with strict...

Proceeding from the viewpoint that the parameters to be estimated should be uniquely determined, we definite the concepts of the distinction and identification of vectors such that under the basic assumptions of quite general nature, study the identification problem of the contemporaneous models...

This paper systematically studies the existence of maximal elements for unordered binary relation on compact or noncompact sets in a general topological space. This is done by developing a method, called transfer method, to derive various necessary and sufficient conditions that characterize the...

This paper provides a necessary and sufficient condition for the existence of nonautarkic contract in a risk sharing model with two-sided lack of commitment. Verifying the condition takes just one Guassian elimination of a matrix.

Economic globalization is one of the hottest topics among academics, government agencies and other concerned organizations. This paper investigates whether the overall benefits of economic globalization are greater than their costs, and discusses the interaction among economic globalization,...

This paper considers the problem of designing 'well-behaved' mechanisms whose Nash allocations coincide with Lindahl allocations in the presence of decreasing returns to scale technologies. The mechanism presented here is individually feasible, balanced, continuous, and differentiable around...

This paper addresses the methods of state-owned enterprises’ ownership reform and the smooth institutional transition of the economic system in China. By using the theory of endogenous ownership arrangements developed in Tian (1995), a three stage method of China’s economic reform will be...