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90 Classical problems in economics are concerned with the solutions of several simultaneous nonlinear optimization … problems, one for each consumer or producer, all facing constraints posed by the scarcity of resources. Often their interests … preferences, which define the individual optimization problems, is topologically nontrivial, and that its topological complexity …
Persistent link: https://www.econbiz.de/10005621494
and channel whereby such techniques as valuations, equitable distribution and evidence could be employed in avoiding …
Persistent link: https://www.econbiz.de/10011258963
and channel whereby such techniques as valuations, equitable distribution and evidence could be employed in avoiding …
Persistent link: https://www.econbiz.de/10011259353
This paper proposes a multi-winner noisy-ranking contest model. Contestants are ranked in a descending order by their perceived outputs, and rewarded by their ranks. A contestant's perceivable output increases with his/her autonomous effort, but is subject to random perturbation. We establish,...
Persistent link: https://www.econbiz.de/10005836698
We analyze how a contest organizer chooses the winner when the contestants.efforts are already exerted and commitment to the use of a given contest success function is not possible. We define the notion of rationalizability in mixed-strategies to capture such a situation. Our approach allows to...
Persistent link: https://www.econbiz.de/10008543484
(AR-maximizing or DR-maximizing) depends on the nature of the protection market which is influenced by the assets …
Persistent link: https://www.econbiz.de/10011240415
This paper proposes a multi-winner noisy-ranking contest model. Contestants are ranked in a descending order by their perceived outputs, and rewarded by their ranks. A contestant's perceivable output increases with his/her autonomous effort, but is subject to random perturbation. We establish,...
Persistent link: https://www.econbiz.de/10005789948
Considering the importance of military expenditures on political and economical success of a government, this empirical study analyzes the relations between political stability, economic growth and military expenditures. Based on the theoretical model developed by Blomberg (1996), the vector...
Persistent link: https://www.econbiz.de/10005260241
Persistent link: https://www.econbiz.de/10011805821
the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on … types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … assets and liabilities. Our analysis also suggests that social interaction is associated with households holding larger …
Persistent link: https://www.econbiz.de/10010959752