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Now showing items 11-20 of 124
Long-Term Growth and Persistence with Endogenous Depreciation: Theory and Evidence
(Departamento de Fundamentos dle Análisis Económico I, 2013)
Previous research has shown a strong positive correlation between short-term
persistence and long-term output growth as well as between depreciation rates
and long-term output growth. This evidence, therefore, contradicts ...
Forward-looking Pairwise Stability in Networks with Externalities
(2013)
We consider cooperation situations where players have network relations. Networks evolve according to a stationary transition probability matrix and at each moment in time players receive payoffs from a stationary allocation ...
A monotonic core concept for convex games: The SD-prenucleolus
(Departamento de Fundamentos dle Análisis Económico I, 2013-02-26)
We prove that the SD-prenucleolus satisfies monotonicity in the class of convex games. The SD-prenucleolus is thus the only known continuous core concept that satisfies monotonicity for convex games. We also prove that for ...
Egalitarian distributions in coalitional models: The Lorenz criterion
(2003-01)
The paper presents a framework where the most important single-valued solutions in the literature of TU games are jointly analyzed. The paper also suggests that similar frameworks may be useful for other coalitional models.
Joan Robinson Was Almost Right: Output under Third-Degree Price Discrimination
(2009-12)
In this paper, we show that in order for third-degree price discrimination to increase total output, the demands of the strong markets should be, as conjectured by Robinson (1933), more concave than the demands of the weak ...
Implementing with veto players: a simple non cooperative game
(2005-06)
The paper adapts a non cooperative game presented by Dagan, Serrano and Volij (1997) for bankruptcy problems to the context of TU veto balanced games. We investigate the relationship between the Nash outcomes of a ...
Transboundary Externalities in the Environmental Transition Hypothesis
(1999-01)
The Environmental Kuznets Curve (EKC) is a hypothesis which implies that it is possible to "grow out of environmental degradation." Most theoretical models of the EKC relation have not accounted for transboundary and ...
The coincidence of the kernel and nucleolus of a convex game: an alternative proof
(2013)
In 1972, Maschler, Peleg and Shapley proved that in the class of convex the nucleolus and the kernel coincide. The only aim of this note is to provide a shorter, alternative proof of this result.
Majoritarian Contests with Asymmetric Battlefields: An Experiment
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2013-12)
We investigate a version of the classic Colonel Blotto game in which individual battles may have different values. Two players allocate a fixed budget across battlefields and each battlefield is won by the player who ...
Monopoly Price Discrimination and Demand Curvature
(2009-08)
This paper presents a general analysis of the effects of monopolistic third-degree price discrimination on welfare and oputput when all markets are served. Sufficient conditions -involving straightforward comparisons of ...