Zobrazeno 1 - 10
of 14
pro vyhledávání: '"Meng-Yu Liang"'
Publikováno v:
Canadian Journal of Economics/Revue canadienne d'économique. 55:156-173
Publikováno v:
Review of Economic Design. 26:233-246
We modify the partnership dissolution model pioneered by Cramton et al. (Econometrica 55:615–632, 1987) to consider the possibility that each partner has an optimal scale and hence values only a fraction of an object, called a block. To achieve eff
Publikováno v:
Journal of Public Economic Theory. 24:120-139
Publikováno v:
Economic Theory. 70:607-632
In Gul and Pesendorfer (Econometrica 69(6):1403–1435, 2001), a decision-maker, when facing a choice among menus, evaluates each menu in terms of the maximum value of its commitment utility net of self-control costs. This paper extends the model suc
Autor:
Deneckere, Raymond1 rjdeneck@wiscmail.wisc.edu, Meng-Yu Liang2 myliang@econ.sinica.edu.tw
Publikováno v:
RAND Journal of Economics (Wiley-Blackwell). Spring2008, Vol. 39 Issue 1, p1-19. 19p. 5 Graphs.
Autor:
Raymond Deneckere, Meng-Yu Liang
Publikováno v:
The RAND Journal of Economics. 39:1-19
This article considers a market served by a monopolist who sells a durable good that depreciates stochastically over time. We show that there exist three types of stationary equilibria: a Coase Conjecture equilibrium, a monopoly equilibrium, and a re
Autor:
Raymond Deneckere, Meng-Yu Liang
Publikováno v:
Econometrica. 74:1309-1364
A seller and a buyer bargain over the terms of trade for an object. The seller receives a perfect signal that determines the value of the object to both players, whereas the buyer remains uninformed. We analyze the infinite-horizon bargaining game in
Autor:
Meng-Yu Liang, Chih Chang
Publikováno v:
Mathematical Social Sciences. 35:307-319
We propose the axiom of individual monotonicity under individual rationality and combine it with the axioms of efficiency, symmetry, invariance under utility transformation, independence of irrelevant alternatives other than the ideal point, to chara