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Infrastructure Privatization in a Neoclassical Economy: Macroeconomic Impact and Welfare Computation·
"... In this paper a competi tive general equilibrium model is used to investigate the welfare and long run allocation impacts of privatization. There are two types of capital in this model economy, one private and the other initially public ("infrastructure"), and a positive externality due to ..."
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In this paper a competi tive general equilibrium model is used to investigate the welfare and long run allocation impacts of privatization. There are two types of capital in this model economy, one private and the other initially public ("infrastructure"), and a positive externality due
Infrastructure Privatization in a Neoclassical Economy: Macroeconomic Impact and Welfare Computation*
"... Escola de PósGraduação em Economia ..."
Sharing the Cost of Multicast Transmissions
, 2001
"... We investigate costsharing algorithms for multicast transmission. Economic considerations point to two distinct mechanisms, marginal cost and Shapley value, as the two solutions most appropriate in this context. We prove that the former has a natural algorithm that uses only two messages per link o ..."
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Cited by 284 (16 self)
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of the multicast tree, while we give evidence that the latter requires a quadratic total number of messages. We also show that the welfare value achieved by an optimal multicast tree is NPhard to approximate within any constant factor, even for boundeddegree networks. The lowerbound proof for the Shapley value
Pricing in Computer Networks: Reshaping the Research Agenda
 ACM Computer Communication Review
, 1996
"... As the Internet makes the transition from research testbed to commercial enterprise, the topic of pricing in computer networks has suddenly attracted great attention. Much of the discussion in the network design community and the popular press centers on the usagebased vs. fiat pricing debate. The ..."
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Cited by 236 (2 self)
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As the Internet makes the transition from research testbed to commercial enterprise, the topic of pricing in computer networks has suddenly attracted great attention. Much of the discussion in the network design community and the popular press centers on the usagebased vs. fiat pricing debate
Computationally feasible VCG mechanisms
 In Proceedings of the Second ACM Conference on Electronic Commerce (EC’00
, 2000
"... A major achievement of mechanism design theory is a general method for the construction of truthful mechanisms called VCG. When applying this method to complex problems such as combinatorial auctions, a difficulty arises: VCG mechanisms are required to compute optimal outcomes and are therefore comp ..."
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Cited by 216 (6 self)
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A major achievement of mechanism design theory is a general method for the construction of truthful mechanisms called VCG. When applying this method to complex problems such as combinatorial auctions, a difficulty arises: VCG mechanisms are required to compute optimal outcomes and are therefore
Demand Deposit Contracts and the Probability of Bank Runs
, 2000
"... We extend the Diamond and Dybvig model of bank runs by assuming that agents do not have common knowledge regarding the fundamentals of the economy, but rather receive slightly noisy signals. The new model has a unique equilibrium in which the fundamentals determine whether a bank run would occur. Th ..."
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Cited by 209 (17 self)
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. This lets us compute the probability of a bank run and relate it to the parameters of the demand deposit contract. We find that offering a higher return to agents demanding early withdrawal makes the bank more vulnerable to runs. Nonetheless, we show that even when this drawback is taken into account
The Quantity and Quality of Life and the Evolution of World Inequality
 American Economic Review
, 2003
"... GDP per capita is usually used to proxy for the quality of life of individuals living in different countries. However, welfare is also affected by quantity of life, as represented by longevity. This paper incorporates longevity into an overall assessment of the evolution of crosscountry inequality, ..."
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Cited by 199 (16 self)
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welfare inequality across countries. The paper derives valuation formulas for inframarginal changes in longevity and computes a “full ” growth rate that incorporates the gains in health experienced by 96 countries for the period between 1960 and 2000. Incorporating longevity gains changes traditional
Optimal simple and implementable monetary and fiscal rules
, 2004
"... The goal of this paper is to compute optimal monetary and fiscal policy rules in a real business cycle model augmented with sticky prices, a demand for money, taxation, and stochastic government consumption. We consider simple policy rules whereby the nominal interest rate is set as a function of ou ..."
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Cited by 189 (10 self)
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that are used to justify the computation of welfare using linear methods. Instead, we implement a secondorder accurate solution to the model. Our main findings are: First, the size of the inflation coefficient in the interestrate rule plays a minor role for welfare. It matters only insofar as it affects
General equilibrium computations of the marginal welfare costs of taxes in the United States’,
 American Economic Review
, 1985
"... ..."
A statistical test suite for random and pseudorandom number generators for cryptographic applications
, 2001
"... (NIST) promotes the U.S. economy and public welfare by providing technical leadership for the nation’s measurement and standards infrastructure. ITL develops tests, test methods, reference data, proof of concept implementations, and technical analysis to advance the development and productive use of ..."
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Cited by 195 (0 self)
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(NIST) promotes the U.S. economy and public welfare by providing technical leadership for the nation’s measurement and standards infrastructure. ITL develops tests, test methods, reference data, proof of concept implementations, and technical analysis to advance the development and productive use
Results 1  10
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