The received characterizations of feasible interim allocations are mostly in the spirit of Border (1991): Fix a family of sets, each containing some player-types, and test the interim allocation under consideration against all these sets. In the published literature, such Border-like...

The received characterizations of feasible interim allocations are mostly in the spirit of Border (1991): Fix a family of sets, each containing some player-types, and test the interim allocation under consideration against all these sets. In the published literature, such Border-like...

This analysis examines the validity of utilizing a subset of reduced form equations, such as from a VAR model, for the construction of counterfactual policy analyses. It is shown that the omission of one of the estimated reduced form (VAR) equations and the substitution of a counterfactual...