Showing 101 - 110 of 168
We provide axiomatic characterizations of two natural families of rules for aggregating equivalence relations: the family of join aggregators and the family of meet aggregators. The central conditions in these characterizations are two separability axioms. Disjunctive separability, neutrality,...
Persistent link: https://www.econbiz.de/10008616898
Using a unique household panel data set for rural India covering the years 1993/1994 and 2004/2005 we test a key theoretical assertion of caste and its effects, namely that marginalised social groups fare worse in terms of income levels when resident in villages dominated by upper castes. We...
Persistent link: https://www.econbiz.de/10008616899
For the class of tree games, a new solution called the average tree solution has been proposed recently. We provide a characterization of this solution. This characterization underlines an important difference, in terms of symmetric treatment of the agents, between the average tree solution and...
Persistent link: https://www.econbiz.de/10008616900
This paper seeks to understand temporal changes in poverty and well-being in Indian cities during the era of economic reforms. The evidence on improvements in well being is mixed. During this period, there was an increase in the number of urban poor. Using two nationally representative samples,...
Persistent link: https://www.econbiz.de/10008616901
This paper assesses the effect of transition from monthly distribution of free food grains to the daily provision of free cooked meals to school children on enrollments and attendance in a rural area of India. School panel data allow a difference-in-differences estimation strategy to address...
Persistent link: https://www.econbiz.de/10008616902
We consider dominant strategy implementation in private values settings, when agents have multi-dimensional types, the set of alternatives is finite, monetary transfers are allowed, and agents have quasi-linear utilities. We show that any implementable and neutral social choice function must be...
Persistent link: https://www.econbiz.de/10008616903
It is generally presumed that strengthening the enforcement of lender rights expands the set of incentive compatible loan contracts, resulting in increased access to credit for all types of borrowers. This is based on an implicit assumption of inlnitely elastic supply of loans. With inelastic...
Persistent link: https://www.econbiz.de/10008590962
We test core theories of the household using variants of a public good game and experimental data from 240 couples in rural Uganda. Spouses do not maximise surplus from cooperation and realise a greater surplus when women are in charge. This violates assumptions of unitary and cooperative...
Persistent link: https://www.econbiz.de/10008590963
We examine a model of Bertrand competition with non-rigid capacity constraints, so that by incurring an additional per unit cost of capacity expansion, firms can produce beyond capacity. We find that there is an interval of prices such that a price can be sustained as a pure strategy Nash...
Persistent link: https://www.econbiz.de/10008590964
The paper analyzes the problem of protocol coordination between two firms, where one firm has private information about its own protocol. The institutional characteristics of the market and the class of strategies adopted by the firms admit multiple equilibria in the market. Of these, one...
Persistent link: https://www.econbiz.de/10008590965