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In this paper we introduce a property of balanced contributions in the context of multi-issue allocation situations.Using this property, we characterise the run-to-the bank rule for multi-issue allocation situations
Persistent link: https://www.econbiz.de/10014062458
This paper compares the performance of direct negotiation, double auction, and a two-sided combinatorial call market for consolidating fragmented land. Experimental results suggest direct negotiation produces higher efficiencies than other mechanisms 1) when all commodities need to be traded to...
Persistent link: https://www.econbiz.de/10014062531
The aim of this paper is to investigate the spatial distribution of the jobs created in Brazil between 1992 and 2002, based on the information provided by the PNAD - a national household survey carried out on a yearly basis. In addition to total employment, spatial changes related to specific...
Persistent link: https://www.econbiz.de/10014062544
This paper considers two-stage solutions for multi-issue allocation situations. Characterisations are provided for the two-stage constrained equal awards and constrained equal losses rules, based on the properties of composition and path independence
Persistent link: https://www.econbiz.de/10014062634
In an exchange economyw ith a finite number of indivisible goods, we analyze a dynamic trading process of coalitional recontracting where agents may make mistakes with small probability. We show first that the recurrent classes of the unperturbed (mistakefree) process consist of (i) all core...
Persistent link: https://www.econbiz.de/10014064875
The economic contribution of open spaces extends beyond the regular farmers' agricultural profits. This contribution is expressed in positive environmental externalities which include an attractive landscape, improved air quality, noise reduction, lower temperatures, shading, and potential use...
Persistent link: https://www.econbiz.de/10014065208
The competitive market structure of a decentralized economy is converted into a self-policing system treating the bureaucracy and enforcement of the legal system endogenously. In particular we consider money systems as constructs to make agents' economic strategies predictable from knowledge of...
Persistent link: https://www.econbiz.de/10014065239
The objective of this paper is to assess the likely allocation effects of the current climate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGE-model DART is used to simulate the...
Persistent link: https://www.econbiz.de/10014065641
Under well-settled patent law, the decision regarding whether to grant or deny a patent turns on technical fact-finding. Recommendations made in recent patent system reform reports issued by the Federal Trade Commission (FTC) and the National Academy of Sciences (NAS) could have a substantial...
Persistent link: https://www.econbiz.de/10014065886
We consider the problem of allocating an amount of a perfectly divisible good among a group of n agents. We study how large a preference domain can be to allow for the existence of strategy-proof, symmetric, and efficient allocation rules when the amount of the good is a variable. This question...
Persistent link: https://www.econbiz.de/10014065895