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precision. -- Fair Division ; Maxmin Allocation ; Kalai Bargaining Solution ; Cooperative Game Theory …
Persistent link: https://www.econbiz.de/10009380614
appropriate when the current schedule of water allocation is considered unfair. Our proposed approach is based on the combination …
Persistent link: https://www.econbiz.de/10008840028
Problem ; Sequential Sharing Rule ; Bankruptcy Problem ; Water Allocation …
Persistent link: https://www.econbiz.de/10008840051
This paper analyses the temporal unit of egalitarian concern. In the intertemporal context, the differences between egalitarian views can be appreciated not only in inequality analysis but also as regards the ideal egalitarian distribution to be established. In this paper, three...
Persistent link: https://www.econbiz.de/10011596402
The relationships among the Hamiltonian, NNP, and the level of sustainable consumption/utility have been widely misunderstood. This paper dispels the misconceptions and provides further new insight into these relationships. We show generally that for autonomous dynamic optimizing economies, a...
Persistent link: https://www.econbiz.de/10011597010
Previous literature has suggested that different mechanisms of transmission of exogenous oil shocks are responsible for the negative effects on the economic performances of oil exporting countries. This paper aims at providing further evidence on the role of sectoral reallocation between private...
Persistent link: https://www.econbiz.de/10009231644
This paper provides a formal dynamic analysis of exploitation, class inequalities and profits. A stylised model of a capitalist economy with two classes - workers and capitalists - is considered which extends Roemer [21, 22]. First, a dynamic generalisation of a key Marxian insight is provided...
Persistent link: https://www.econbiz.de/10011596432
Persistent link: https://www.econbiz.de/10015196543
competitiveness and sufficiently separates individuals who choose different effort levels, the market allocation is Pareto superior to … a social planner’s allocation. We construct a specific market game that naturally generates robust equilibria with these …
Persistent link: https://www.econbiz.de/10003894094
the nature and speed of the process of reallocating resources across alternative uses? Should government controlled inputs … answers to the previous questions. We study a model in which the drop in the private demand for structures frees up resources … larger the costs that the economy faces to reallocate resources (capital and labor) across sectors, the smaller the optimal …
Persistent link: https://www.econbiz.de/10009236539