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Most modern supervised statistical/machine learning (ML) methods are explicitly designed to solve prediction problems very well. Achieving this goal does not imply that these methods automatically deliver good estimators of causal parameters. Examples of such parameters include individual...
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best we mean that one can find mechanisms that satisfy efficiency of decision, dominant strategy incentive compatibility …
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We model problems of allocating disputed properties as generalized exchange economies. Therein, agents have preferences and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual claims. We focus on market-based allocation rules that...
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Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We … conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors …
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'Innovation is the ability to take new ideas and translate them into commercial outcomes by using new processes, products or services in a way that is better and faster than the competition' (Nedis & Byler, 2009). Innovation is considered as an important competitiveness factor for companies and...
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