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pro vyhledávání: '"Xinxi Song"'
Publikováno v:
Journal of Mathematical Economics. 90:1-11
We generalize de Castro and Yannelis (2018) by taking into account the use of randomization. We answer the following questions: Is each efficient allocation of de Castro and Yannelis (2018) still Pareto optimal? Are all efficient allocations still in
Publikováno v:
SSRN Electronic Journal.
Autor:
Andrés Carvajal, Xinxi Song
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Autor:
Andrés Carvajal, Xinxi Song
Publikováno v:
Journal of Mathematical Economics. 75:19-30
We characterize the nonparametric testable implications of Pareto efficiency and competitive equilibrium in economies with public goods, with and without warm-glow preferences, using mixed integer programming (MIP). Compared with tests based on the T
Publikováno v:
SSRN Electronic Journal.
Individuals behave differently when they know the objective probability of events and when they do not. The smooth ambiguity model accommodates both ambiguity (uncertainty) and risk. For an incomplete, competitive asset market, we develop a revealed