Competitive Equilibrium and Envy-free Solution
Envy free solutions, Non linear equilibrium and Egalitarian equivalence for the Package Assignment Problem
... equivalent solution thus shares with several others a property that is desirable for equitable distribution of ...conventional solution concepts that have been defined in the context of fair allocation of ...
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Money in search equilibrium, in competitive equilibrium, and in competitive search equilibrium
... Intuitively, the simplification comes from the fact that quasi-linearity eliminates wealth effects on the demand for money, and hence eliminates dispersion in money holdings based on trading histories. While we believe ...
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Maximin Envy Free Division of Indivisible Items
... prevent envy, especially if the procedure specifies that each player receive the same number of ...practical solution might be to sell the big item—in effect, making it divisible—and divide the ...
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Adam Smith and Competitive Equilibrium
... to growth lies in extending the market internally through, for example, transport and communication and externally by engaging in international trade. Smith was of the view that self-interest could be viewed from a ...
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Incentives in Competitive Search Equilibrium
... The competitive search equilibrium with full information maximizes the asset value of unemployed workers given that firms break even (Acemoglu and Shimer, ...generalized competitive search ...
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Envy-free Relaxations for Goods, Chores, and Mixed Items
... items, Envy-free allocation, EF1, EFX, Non-monotone utility function, Non-additive utility function 1 Introduction Fair division of items among competing agents is an important and well-studied prob- lem in ...
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EQUILIBRIUM free Response.doc
... (a) Write the expression for the solubility-product constant, K sp , and calculate its value at 18ºC. (b) Calculate the equilibrium concentration of Mg 2+ in 1.000 liter of saturated MgF 2 solution at 18ºC ...
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Competitive Equilibrium in the Random Assignment Problem
... My results also allow for the design of a pseudo-market mechanism for the assignment prob- lem that accommodates endowment structures more general than those amenable to Top Trading Cycles and CEEI. In the pseudo-market ...
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Competitive Equilibrium in the Random Assignment Problem
... My results also allow for the design of a pseudo-market mechanism for the assignment prob- lem that accommodates endowment structures more general than those amenable to Top Trading Cycles and CEEI. In the pseudo-market ...
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Inflation and Unemployment in Competitive Search Equilibrium
... 4.2 Free Entry by Sellers As discussed previously, competitive search equilibrium endogenizes how buyers and sellers split the trading ...allow free entry by ...
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A Competitive Equilibrium for a Warm Glow Economy
... the warm glow effects of their own public goods provision. 1 Thus, one con- sumer’s public goods provision could not constitute a perfect substitute for the other consumers’ provision. For example, when someone paints ...
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Adverse Selection in Competitive Search Equilibrium
... of competitive search equilibrium to environments with private information, and in particular adverse ...characterize equilibrium as the solution to a constrained optimization problem, and ...
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The undercut procedure: an algorithm for the envy free division of indivisible items
... Nash equilibrium, because neither player can do better by departing from his or her strategy at either the offer stage (for A) or the accept/undercut stage (for B) in this ...an envy-free ...
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Revenue maximizing envy-free fixed-price auctions with budgets
... the envy-freeness of the allocation, we transfer the problem to a min-cost max-flow ...the solution of min-cost max-flow identifies the subset of bidders who do not obtain b p ¯ ...
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A Credit Mechanism for Selecting a Unique Competitive Equilibrium
... By enlarging the problem an approach is proposed that both offers a solution and facilitates an interesting selection. The general-equilibrium model does not utilize credit or financial institutions ...
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Competitive Equilibrium Hyperinflation under Rational Expectations
... the solution of the nonautonomous differential equation (9), and we will be able through the variable m to partition the phase space into regions in which the real t stock of money decreases or increases over ...
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Optimal Envy-Free Cake Cutting
... In Section 4 we deal with piecewise linear valuations, a rather general class of valuation functions that con- tains the class of piecewise constant valuations. We first provide an algorithm that singles out an optimal ...
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Envy and Inequality in Income and Wealth in a Dynamic General Equilibrium Theory
... as envy can be conducted through different channels on various ...of envy. Envy and its destructive impact are related to various variables such as family background, individual human capital, ...
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When Do Envy-Free Allocations Exist?
... of envy-free allocations cannot be guaranteed in general for indivisible goods, an important question is therefore when such allocations ...no envy-free allocation exists since any allocation ...
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Competitive equilibrium for indivisible objects
... a competitive equilibrium, and that the largest competitive price of each object is equal to its contribution to the social ...a competitive equilibrium whenever it is similar to ...
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