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194
Constitutional Rights and Pareto Efficiency
"... Abstract. This paper presents a sufficient condition under which constitutional rights lead to socially rational and Pareto efficient outcomes. The condition states that if the gains every constitutional right creates are either large enough to be positive in aggregate for the society or large enoug ..."
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Abstract. This paper presents a sufficient condition under which constitutional rights lead to socially rational and Pareto efficient outcomes. The condition states that if the gains every constitutional right creates are either large enough to be positive in aggregate for the society or large
DISTORTIONARY DOMESTIC TAXATION AND PARETO- EFFICIENT INTERNATIONAL TRADE
, 2002
"... This paper characterises the domestic tax systems which yield Pareto-efficient outcomes for a two-country world economy in which each country uses distortionary taxes. Such outcomes are compared with the Nash equilibria of the world economy when each country uses its domestic tax system to influence ..."
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This paper characterises the domestic tax systems which yield Pareto-efficient outcomes for a two-country world economy in which each country uses distortionary taxes. Such outcomes are compared with the Nash equilibria of the world economy when each country uses its domestic tax system
Information-driven coordination: experimental results with heterogeneous individuals
, 2009
"... We study experimentally a coordination game with N heterogeneous individuals under different information treatments. We explore the effects of information on the emergence of Pareto-efficient outcomes, by means of a gradual decrease of the information content provided to the players in successive ex ..."
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We study experimentally a coordination game with N heterogeneous individuals under different information treatments. We explore the effects of information on the emergence of Pareto-efficient outcomes, by means of a gradual decrease of the information content provided to the players in successive
Towards a Justification the Principle of Coordination
, 2000
"... Different variations of a Principle of Coordination are used in a number of different research traditions. Roughly speaking, one version of the Principle says that if there is a unique Pareto-efficient outcome in a game, then players will choose their part of that outcome. In this paper I will inves ..."
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Different variations of a Principle of Coordination are used in a number of different research traditions. Roughly speaking, one version of the Principle says that if there is a unique Pareto-efficient outcome in a game, then players will choose their part of that outcome. In this paper I
1Product Quality Under Regulated Monopoly
, 1998
"... Abstract. A monopolist regulated via a price cap may well have an incentive to change other variables of interest to consumers, in an attempt to shift the cost and demand curves in his favour. This paper develops a model in which the monopolist can vary product quality and the terms of a warranty, i ..."
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, in response to price regulation. The regulated and unregulated monopoly outcomes are compared with the Pareto-efficient outcome. Acknowledgements. Precursors of this paper have been presented in seminars at the
Empirical Analysis of Economic Institutions Discussion Paper Series No.25 Fiscal Reconstruction and Local Government Financing Fiscal Reconstruction and Local Government Financing
"... Abstract This paper investigates dynamic properties of intergovernmental financing during fiscal r econstruction process by analyzing the dynamic game among local governments with concessions of region-specific transfers in the concept of soft budget constraints. The existence of intergovernmental ..."
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induce earlier concession and can attain the Pareto-efficient outcome in the long run.
Modeling Complex Multi-Issue Negotiations Using Utility Graphs
- Proceedings of AAMAS'05
, 2005
"... This paper presents an agent strategy for complex bilateral negotiations over many issues with inter-dependent valuations. We use ideas inspired by graph theory and probabilistic influence networks to derive efficient heuristics for negotiations about multiple issues. Experimental results show — und ..."
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Cited by 18 (4 self)
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— under relatively weak assumptions with respect to the structure of the utility functions – that the developed approach leads to Pareto-efficient outcomes. Moreover, Pareto-efficiency can be reached with few negotiation steps, because we explicitly model and utilize the underlying graphical structure
Efficient power control via pricing in wireless data networks
- IEEE Trans. on Commun
, 2002
"... Abstract—A major challenge in the operation of wireless communications systems is the efficient use of radio resources. One important component of radio resource management is power control, which has been studied extensively in the context of voice communications. With the increasing demand for wir ..."
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Cited by 339 (8 self)
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is referred to as the utility and distributed power control is a noncooperative power control game where users maximize their utility. The outcome of the game results in a Nash equilibrium that is inefficient. We introduce pricing of transmit powers in order to obtain Pareto improvement of the noncooperative
Strategy-Proof Contract Auctions and the Role of Ties ✩
"... A contract auction establishes a contract between a center and one of the bidders. As contracts may describe many terms, preferences over contracts typically display indifferences. The Qualitative Vickrey Auction (QVA) selects the best contract for the winner that is at least as good for the center ..."
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as any of the contracts offered by the non-winning players. When each bidder can always offer a contract with higher utility for the center at an arbitrarily small loss of her own utility, the QVA is the only mechanism that is individually rational, strategy-proof, selects stable outcomes, and is Pareto-efficient
Collective Family Decision Making, Temporary Inefficiency and Gender–Specific Transfers*‡ by
, 1999
"... When behaviour is modelled as the Pareto-efficient outcome of a family decision process, conditions for the existence of a feasible, Pareto improving tax change differ from those that obtain when market behaviour is generated by individuals acting alone. Here, char-acterisations of Pareto improving ..."
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When behaviour is modelled as the Pareto-efficient outcome of a family decision process, conditions for the existence of a feasible, Pareto improving tax change differ from those that obtain when market behaviour is generated by individuals acting alone. Here, char-acterisations of Pareto improving
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194
