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Consider a government and a non-governmental organization (NGO) who can collaborate to provide a public good using physical assets. Who should be the owner of the assets if the NGO can make non-contractible investments? In the literature it has been argued that whoever has a larger valuation of...
Persistent link: https://www.econbiz.de/10015213665
We study the problem of dissolving an equal-entitlement partnership when the objective is to minimize maximum regret. We initially focus on the family of linear-pricing mechanisms and derive regret-optimizing strategies. We also demonstrate that there exist linear-pricing mechanisms satisfying...
Persistent link: https://www.econbiz.de/10015215275
Contrary to most countries, the recruitment of assistant professors in France is centralized: recruitment committees submit a ranking of candidates to the Ministry of Education, the candidates submit their own ranking over the faculties that rank them and the Ministry compute the final match...
Persistent link: https://www.econbiz.de/10015215395
This paper proposes a novel solution for the n agent cake cutting (resource allocation) problem. We propose a negotiation protocol for dividing a resource among n agents and then provide an algorithm for allotting portions of the resource. We prove that this protocol can enable distribution of...
Persistent link: https://www.econbiz.de/10015216433
We relate the pricing policy of the firms to their size, where firm size is interpreted as the size of the clientele served by the concerned firm. We argue that a firm with a large clientele faces a more severe reputational backlash if it reneges. This allows the firm to effectively commit to...
Persistent link: https://www.econbiz.de/10015216825
Stationary Sub- game Perfect Equilibria of these games implement Walrasian al- locations as the bargaining frictions vanish. The … the bargaining process. …
Persistent link: https://www.econbiz.de/10015217257
bargaining power, (2) does not change the level of risk-shifting when side payments are possible, and (3) may yield the …
Persistent link: https://www.econbiz.de/10015217324
Based on the simple model of the deposit the methodology of finding the optimal solution for bilateral monopoly (BM) of lignite mine and power plant is shown taking into account pit optimisation. It is proposed to treat lignite price negotiation as a kind of game. In the first stage...
Persistent link: https://www.econbiz.de/10015217436
We report results from two different settings of a 3-player ultimatum game. Under the monocratic rule, a player is randomly selected to make an offer to two receivers. Under the democratic rule, all three players make a proposal, and one proposal is then extracted. A majority vote is required to...
Persistent link: https://www.econbiz.de/10015217552
Using an innovative variation of the standard Matching Market Design framework, this draft aims to provide inputs useful to drive the reform of the current Italian Domestic Adoption System (Italian families that desire to adopt an Italian child). The problem addressed in this draft, concern how...
Persistent link: https://www.econbiz.de/10015217602