Quadratic assignment problems (QAPs) are known to be among the most challenging discrete optimization problems. Recently, a new class of semi-definite relaxation models for QAPs based on matrix splitting has been proposed (Mittelmann and Peng, SIAM J Optim 20:3408–3426, <CitationRef CitationID="CR25">2010</CitationRef>; Peng et...</citationref>

This highly unique book takes a fundamental look at when and how a government can fail at its core responsibility of formulating rules. Government, representing society, relates to the economy by formulating the rules within which (market) players should operate. Although market and business...

An opposed-piston hydraulic free piston engine operating with homogenous charge compression ignition (HCCI) combustion, has been proposed by State Key Laboratory of Engines as a means of significantly improving the IC engine’s cycle thermal efficiency and lowering exhaust emissions. Single and...

Existence of a monetary steady state is established for a random matching model with divisible goods, indivisible money, and take-it-or-leave-it offers by consumers. There is no restriction on individual money holdings. The background environment is that in papers by Shi and by Trejos and...

Search is embedded in an overlapping-generations model. The young participate in a centralized market, and then are matched in pairs in a decentralized market. The old only participate in the centralized market. If the buyer's bargaining power is sufficiently close to unity in pairwise trade and...

Under the U.S. National Banking System (NBS), in effect from 1863--1914, banks with national charters could issue notes under four main restrictions: full collateral in the form of government bonds, a per-period tax on outstanding notes, redemption of notes into (outside) money on demand, and a...

Search is embedded in an overlapping-generations model. The young participate in a centralized market, and then are matched in pairs in a decentralized market. The old only participate in the centralized market. If the buyer's bargaining power in pairwise trade is close to unity and if the old...

This paper formulates equilibrium concepts in the large (non atomic) household model under the team notion, characterizes a class of equilibrium allocations, explores whether an equilibrium allocation in the large-household model is a limit of equilibrium allocations in the finite-household...

This paper formulates two alternative equilibrium concepts in the large household model: one which allows individual household agents to make choices in their separate meetings, and the other which commits individual household agents to contingent actions prior to their meetings. In the first...

This paper formulates equilibrium concepts in the large (non atomic) household model under the team interpretation, characterizes a class of equilibrium allocations, explores whether an equilibrium allocation in the large-household model has a foundation in the finite-household model, and...