We provide a full characterisation of the set of trading equilibria (in which all goods are traded at a positive price) in a strategic market game (as introduced by Shapley and Shubik),for both the "buy and sell" and the "buy or sell" versions of this model under standard assumptions on the...

Measuring Multi-dimensional Well-being and Deprivation with Discrete Ordinal Data -- Feasible Shared Destiny Risk Distributions -- Fuzzy Inequality Ranking Relations and their Crisp Approximations -- On pro-middle Class Growth -- Inequalities and Identities -- A Generalization of the Theil...

The primary goal of the book is to present the ideas and research findings of active researchers from various communities (physicists, economists, mathematicians, financial engineers) working in the field of "Econophysics", who have undertaken the task of modelling and analyzing order-driven...

A well-known result in incentive theory is that for a very broad class of decision problems, there is no mechanism which achieves truth-telling in dominant strategies, efficiency and budget balancedness (or first best implementability). On the contrary, Mitra and Sen (1998), prove that linear...