Similar Search Results

Furusawa, Taiji - 2011

We present a theory to explain government procrastination as a consequence of its present-bias resulting from the … theory predicts that a government with a more strongly predominant party tends to procrastinate less …

Persistent link: https://www.econbiz.de/10013117258

Kantian Optimization, Social Ethos, and Pareto Efficiency

Roemer, John E. - 2012

species, the reigning assumption in economic theory is that individuals optimize in an autarkic manner (as in Nash and …

Persistent link: https://www.econbiz.de/10013109205

Mechanism Design with Multidimensional, Continuous Types and Interdependent Valuations

Miller, Nolan H. - 2008

We consider the mechanism design problem when agents' types are multidimensional and continuous, and their valuations are interdependent. If there are at least three agents whose types satisfy a weak correlation condition, then for any decision rule there exist balanced transfers that render...

Persistent link: https://www.econbiz.de/10012726866

Efficient and Envy Minimal Matching

Abdulkadiroglu, Atila - 2020

In priority-based matching problems, there is a trade-off between efficiency andreducing justified-envy. We show that finding an efficient and justified-envy minimalmatching is an NP-hard problem when objects have weak priority rankings. Consequently, we focus on resolving the trade-off in a...

Persistent link: https://www.econbiz.de/10012828839

Asymmetric Nash Solutions in the River Sharing Problem

Houba, Harold; van der Laan, Gerard; Zeng, Yuyu - 2013

We study multiple agents along a general river structure that is expressed by a geography matrix and who have access to limited local resources, quasi-linear preferences over water and money and cost functions dependent upon river inflow and own extraction. Unanimity bargaining determines the...

Persistent link: https://www.econbiz.de/10014159278

Self Confidence : Intrapersonal Strategies

Bénabou, Roland; Tirole, Jean - 2010

This paper analyzes the self-identification process and its role in motivation. We build a model of self-confidence where people have imperfect knowledge about their ability, which in most tasks is a complement to effort in determining performance. Higher self-confidence thus enhances...

Persistent link: https://www.econbiz.de/10014161487

Dynamic Price Competition : Theory and Evidence from Airline Markets

Hortaçsu, Ali; Oery, Aniko; Williams, Kevin - 2022

We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...

Persistent link: https://www.econbiz.de/10014078484

Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …

Persistent link: https://www.econbiz.de/10014023678

Constrained Efficiency

Copic, Jernej - 2023

I define constrained efficient direct mechanisms as those that are not Pareto dominated within the set of direct mechanisms that satisfy some given feasibility constraints – incentive compatibility and other constraints. I show a standard equivalence with maximization of a social welfare...

Persistent link: https://www.econbiz.de/10014355860

Coase and the Kirznerians

Otáhal, Tomáš - 2014

I interpret the theory of entrepreneurial discovery from the perspective of the theory of property rights. I analyze … pure entrepreneurial profit and the logical construction of the theory as an extension of neo-classical microeconomic …

Persistent link: https://www.econbiz.de/10013067453