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MSS
2010
IEEE
87views Hardware» more  MSS 2010»
12 years 11 months ago
A note on the inefficiency of bidding over the price of a share
Stergios Athanassoglou, Steven J. Brams, Jay Sethu...
MSS
2010
IEEE
82views Hardware» more  MSS 2010»
12 years 11 months ago
On the Golden Rule of capital accumulation under endogenous longevity
This note derives the Golden Rule of capital accumulation in a Chakrabortytype economy, i.e. a two-period OLG economy where longevity is endogenous. It is shown that the capital p...
David de la Croix, Gregory Ponthiere
MSS
2010
IEEE
110views Hardware» more  MSS 2010»
12 years 11 months ago
A stability index for local effectivity functions
Abstract We study the structure of unstable local effectivity functions defined for n players and p alternatives. A stability index based on the notion of cycle is introduced. In t...
Joseph Abdou
MSS
2010
IEEE
111views Hardware» more  MSS 2010»
12 years 11 months ago
The zero discounting and maximin optimal paths in a simple model of global warming
Following Stollery[1998], we extend the Solow, Dasgupta-Heal model to analyze the e
Antoine d'Autume, John M. Hartwick, Katheline Schu...
MSS
2010
IEEE
88views Hardware» more  MSS 2010»
13 years 3 months ago
Case-based belief formation under ambiguity
In this paper, we consider a decision-maker who tries to learn the distribution of outcomes from previously observed cases. For each observed database of cases the decision-maker ...
Jürgen Eichberger, Ani Guerdjikova
MSS
2010
IEEE
99views Hardware» more  MSS 2010»
13 years 3 months ago
Solidarity in games with a coalition structure
A new axiomatic characterization of the two-step Shapley value (Kamijo (2007)) is presented based in a solidarity principle for the members of a union: when the game changes due t...
Emilio Calvo, Esther Gutiérrez
MSS
2010
IEEE
97views Hardware» more  MSS 2010»
13 years 3 months ago
Network formation under mutual consent and costly communication
We consider four different game-theoretic approaches to describe the formation of social networks under mutual consent and costly communication. First, we consider Jackson-Wolins...
Robert P. Gilles, Sudipta Sarangi
MSS
2010
IEEE
142views Hardware» more  MSS 2010»
13 years 3 months ago
On the existence of undominated elements of acyclic relations
Hannu Salonen, Hannu Vartiainen