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-liability (JL) to individual liabil- ity (IL) lending models. This article tests a theory explaining this shift, focusing on …
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We analyze maximization of revenue in the dynamic and stochastic knapsack problem where a given capacity needs to be allocated by a given deadline to sequentially arriving agents. Each agent is described by a two-dimensional type that reflects his capacity requirement and his willingness to pay...
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example of a "delegation-scheme." Conversely, project aid represents a more "centralized" type of aid. According to the theory …
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" consists of unverifiable information and the quality of communication depends on the conflict of interests between the …
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