Now showing items 11-20 of 84
Racial prejudice in a search model of the urban housing market
(Elsevier, 1978-07)
A simple model of buyer search in an urban housing market is employed to demonstrate that if some whites are unwilling to sell housing to blacks competitive equilibria in which blacks pay more for housing than whites are ...
A family of supermodular Nash mechanisms implementing Lindahl allocations
(Springer-Verlag; Springer-Verlag Berlin Heidelberg, 2002-06)
We present a family of mechanisms which implement Lindahl allocations in Nash equilibrium. With quasilinear utility functions this family of mechanisms are supermodular games, which implies that they converge to Nash ...
Some fine-tuning for dominant diagonal matrices
(Elsevier, 1989-09)
Given a linear system Ax = b, where A is a dominant diagonal matrix with positive diagonals and non-positive off-diagonals, but b has both positive and negative components, necessary and sufficient conditions on bj are ...
Characterization of optima in smooth Pareto economic systems
(Elsevier, 1975)
Simple techniques of calculus and geometry are used to study and characterize the optima of pure exchange economies in which the utility functions are smooth but not necessarily convex. It is also shown how one can reduce ...
On the effects of federal capital taxation on growing and declining areas
(Elsevier, 1983-09)
It has often been claimed that measures designed to stimulate capital formation at the national level will accelerate the decline of regions that are not growing. A number of simple models are employed to evaluate this ...
Firm Creation and Economic Transitions
(1998-07-01)
Virtually all industrial countries are experiencing some form of transformation in their economies, from the dramatic move from centrally planned to market economies in East-central Europe, to the rebuilding of the economies ...
Type interaction models and the rule of six
(Springer-Verlag; Springer, 2005-11-11)
In this paper, I describe and analyze a class of type interaction models. In these models, an infinite population of agents with discrete types interact in groups of fixed size and possibly change their types as a function ...