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Probabilistic network values

期刊: MATHEMATICAL SOCIAL SCIENCES, 2021; 113 ()

We consider a class of cooperative network games with transferable utilities in which players interact through a probabilistic network rather than a r......

Vertical product differentiation, managerial delegation and social welfare in a vertically-related market

期刊: MATHEMATICAL SOCIAL SCIENCES, 2021; 113 ()

In this paper, we analyze the influence of the delegation of downstream firms that produce different quality of products on the profits, consumer surp......

Finite horizon portfolio selection with durable goods

期刊: MATHEMATICAL SOCIAL SCIENCES, 2021; 111 ()

We study the consumption and portfolio selection problem of a finitely lived agent who derives utility from the stock of durable goods. We show that t......

The solution of generalized stable sets and its refinement

期刊: MATHEMATICAL SOCIAL SCIENCES, 2021; 113 ()

In this paper, we review some results of the solution of generalized stable sets introduced by Van Deemen (1991) as a variant of stable sets for abstr......

The equivalence of two rational expectations equilibrium economies with different approaches to processing neighbors' information

期刊: MATHEMATICAL SOCIAL SCIENCES, 2021; 109 ()

We consider a finite-agent Hellwig (1980) economy with an extension to allow traders to observe their neighbors' signals in an exogenously given socia......

Equilibrium with computationally constrained agents

期刊: MATHEMATICAL SOCIAL SCIENCES, 2021; 109 ()

This paper studies aggregate equilibrium models where firms cannot compute future prices with perfect accuracy. Instead, firms use approximations to i......

Labor market matching with ensuing competitive externalities in large economies

期刊: MATHEMATICAL SOCIAL SCIENCES, 2021; 109 ()

I formulate a model of a large private economy in which firms and managers form partnerships in an upstream labor (matching) market and then firm-mana......

Intra-brand patent licensing with inter-brand competition

期刊: MATHEMATICAL SOCIAL SCIENCES, 2020; 104 ()

The existing literature has considered licensing of a patented cost-reducing innovation either in a homogeneous good industry or in a differentiated g......

On the diffusion of competing innovations

期刊: MATHEMATICAL SOCIAL SCIENCES, 2020; 108 ()

We consider a model with two patentees of perfect substitute innovations that enable the manufacture of a new product and a competitive pool of potent......

Affirmative action in school choice: A new solution (vol 92, pg 1, 2018)

期刊: MATHEMATICAL SOCIAL SCIENCES, 2019; 97 ()

In (Ju et al., 2018) Ju et al. investigate the responsiveness of affirmative action in school choice. For the minority reserves type affirmative actio......

JIF:0.54

Hypothesis testing equilibrium in signalling games

期刊: MATHEMATICAL SOCIAL SCIENCES, 2019; 100 ()

In this paper, we propose a definition of Hypothesis Testing Equilibrium (HTE) for general signalling games nested by an updating rule according to th......

JIF:0.54

Common certainty and efficiency with incomplete information

期刊: MATHEMATICAL SOCIAL SCIENCES, 2019; 101 ()

Holmstrom and Myerson (1983) show that we need only check for efficiency on common knowledge events to determine that an incentive compatible decision......

JIF:0.54

Bubbles, growth and sunspots with credit market frictions

期刊: MATHEMATICAL SOCIAL SCIENCES, 2019; 102 ()

This paper explores the role of bubbles in an overlapping-generations economy where some agents are more productive than the others. Due to missing cr......

JIF:0.54

Equity, hierarchy, and ordinal social choice

期刊: MATHEMATICAL SOCIAL SCIENCES, 2018; 91 ()

A social welfare ordering is a mixed hierarchy if and only if it satisfies (ordinal or cardinal) interpersonal noncomparability. In order to avoid thi......

JIF:0.54

Kaplow-Shavell welfarism without continuity

期刊: MATHEMATICAL SOCIAL SCIENCES, 2018; 96 ()

Although Kaplow and Shavell (2001) have established a devastating result that "any non-welfarist method of policy assessment violates the Pareto princ......

JIF:0.54

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