In this paper, we present a simple axiomatization of the n-person egalitarian solution. The single axiom sufficient for characterization is a new condition which we call symmetric decomposition.

In this paper, we use a two-period one-to-one matching model with incomplete information to examine the effect of changes in divorce costs on marital dissolution. Each individual who has a nontransferable expected utility about the quality of each potential marriage decides whether to marry or...

There is a conflict in the mechanism for price determination used in a Marshallian partial equilibrium supply and demand framework and the Walrasian general equilibrium framework. It is generally thought that partial equilibrium is a simplified approximation to the complexities of the general...

This paper introduces a class of endogenously proportional bargaining solutions. These solutions are independent of the class of Directional solutions, which Chun and Thomson (1990a) proposed to generalize (exogenously) proportional solutions of Kalai (1977). Endogenously proportional solutions...

We characterize the monetary competitive equilibrium in a two-country monetary union model involving cash-in-advance constraints both in the factor markets and in the good markets. Simulations show that common money inflation in the union have asymmetric effects on the welfare of workers in the...

In this paper, we study whether simple heuristics can arise as equilibrium strategies in mutual sequential mate search. To this aim, we extend the mate search model of Todd and Miller (1999), involving an adolescence (learning) phase followed by an actual mating phase, to a strategic game where...

We show that in oligopolistic markets the social choice correspondence which selects all socially efficient outcomes is Nash implementable if the number of firms is at least two. Thus, monopoly regulation whenever consumers are favored by the designer or the society is the only framework, among...

In this paper, we propose a new heuristic to be used as a mate search strategy in the Todd and Miller's (1999) human mate choice model. This heuristic, which we call Take the Weighted Average with the Next Desiring Date, is a plausible search rule in terms of informational assumptions, while in...

This paper extends the Todd and Miller's (1999) mutual sequential mate search model with homogenous preferences to the case of non-homogenous preferences. Our simulations show that the size of heterogeneity in the preferences affects the performance rankings -as well as the absolute success...

In this paper, we formalize a prediction of Klemperer and Meyer (1989) as to the possibility that in the presence of demand uncertainty the expected profits under the supply function competition may result in higher expected oligopoly profits than under the stochastic Cournot competition and...