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Reallocating water : an application of sequential sharing rules to Cyprus

Ansink, Erik; Marchiori, Carmen - 2009

We present an axiomatic approach to the reallocation of water rights among economic sectors. Reallocation may be …, based on bankruptcy rules, to reallocate water, which complements other approaches to the reallocation of water rights …, including those based on water markets. Our approach is illustrated using an application to water reallocation in Cyprus, where …

Persistent link: https://www.econbiz.de/10008840028

Sequential sharing rules for river sharing problems

Ansink, Erik; Weikard, Hans-Peter - 2009

We analyse the redistribution of a resource among agents who have claims to the resource and who are ordered linearly. A well known example of this particular situation is the river sharing problem. We exploit the linear order of agents to transform the river sharing problem to a sequence of...

Persistent link: https://www.econbiz.de/10008840051

The allocation of a prize

Dubey, Pradeep; Sahi, Siddhartha - 2012 - Expanded version

Persistent link: https://www.econbiz.de/10009784291

Dynamics, stability, and foresight in the Shapley-Scarf housing market

Kamijo, Yoshio; Kawasaki, Ryo - 2009 - This version: February 2009

While most of the literature starting with Shapley and Scarf (1974) have considered a static exchange economy with indivisibilities, this paper studies the dynamics of such an economy. We find that both the dynamics generated by competitive equilibrium and the one generated by weakly dominance...

Persistent link: https://www.econbiz.de/10008811385

Subjective estimation in integrating communication budget and allocation decisions : a case study

Naert, Philippe A.; Weverbergh, M.; Verswyfel, G. - 1985

Persistent link: https://www.econbiz.de/10003637990

Competitive Markets without Commitment

Netzer, Nick; Scheuer, Florian - 2008

In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets implement allocations that Pareto dominate those achieved by a benevolent planner, they induce strictly more effort, and they sometimes make the commitment problem disappear entirely....

Persistent link: https://www.econbiz.de/10003894094