We study a simple model of assigning indivisible objects (e.g., houses, jobs, offices, etc.) to agents. Each agent receives at most one object and monetary compensations are not possible. We completely describe all rules satisfying efficiency and resource-monotonicity. The characterized rules...

How does openness affect economic development? This question is answered in the context of a dynamic general equilibrium model of the world economy, where countries have technological differences that are both sector-neutral and specific to the investment goods sector. Relative to a benchmark...

We propose two axiomatic theories of cost sharing with the common premise that agents demand comparable -though perhaps different- commodities and are responsible for their own demand. Under partial responsibility the agents are not responsible for the asymmetries of the cost function: two...

Marque Par une Desinflation Importante, le Profil de L'expansion Amorcee En 1983 Se Situe En Deca de Celui des Expansions de la Derniere Decennie. la Vigueur du Secteur Exterieur a Partiellement Compense la Faiblesse de la Demande Interne Exacerbee Par un Cout du Capital Tres Eleve. une...