理论经济学
This paper studies single-peaked domains where the designer is uncertain about the underlying alignment according to which the domain is single-peaked. The underlying alignment is common knowledge amongst agents, but preferences are private…
We show the role that an important equation first studied by Fritz John plays in mechanism design.
We characterize ex-post implementable allocation rules for single object auctions under quasi-linear preferences with convex interdependent value functions. We show that requiring ex-post implementability is equivalent to requiring that the…
An important but understudied question in economics is how people choose when facing uncertainty in the timing of events. Here we study preferences over time lotteries, in which the payment amount is certain but the payment time is…
We propose and investigate a model for mate searching and marriage in large societies based on a stochastic matching process and simple decision rules. Agents have preferences among themselves given by some probability distribution. They…
We propose a boundedly rational model of choice where agents eliminate dominated alternatives using a transitive rationale before making a choice using a complete rationale. This model is related to the seminal two-stage model of Manzini…
Inspired by the recent COVID-19 pandemic, we study a generalization of the multi-resource allocation problem with heterogeneous demands and Leontief utilities. Unlike existing settings, we allow each agent to specify requirements to only…
To protect his teaching evaluations, an economics professor uses the following exam curve: if the class average falls below a known target, $m$, then all students will receive an equal number of free points so as to bring the mean up to…
We consider social welfare functions when the preferences of individual agents and society maximize subjective expected utility in the tradition of Savage. A system of axioms is introduced whose unique solution is the social welfare…
Unlike tic-tac-toe or checkers, in which optimal play leads to a draw, it is not known whether optimal play in chess ends in a win for White, a win for Black, or a draw. But after White moves first in chess, if Black has a double move…
This paper attempts to analyse policymaking in the field of Intellectual Property (IP) as an instrument of economic growth across the Global North and South. It begins by studying the links between economic growth and IP, followed by an…
Following the ideas laid out in Myerson (1996), Hofbauer (2000) defined a Nash equilibrium of a finite game as sustainable if it can be made the unique Nash equilibrium of a game obtained by deleting/adding a subset of the strategies that…
This paper characterizes lexicographic preferences over alternatives that are identified by a finite number of attributes. Our characterization is based on two key concepts: a weaker notion of continuity called 'mild continuity' (strict…
This paper establishes an interesting link between $k$th price auctions and Catalan numbers by showing that for distributions that have linear density, the bid function at any symmetric, increasing equilibrium of a $k$th price auction with…
It is common to encounter the situation with uncertainty for decision makers (DMs) in dealing with a complex decision making problem. The existing evidence shows that people usually fear the extreme uncertainty named as the unknown. This…
We study a dynamic stopping game between a principal and an agent. The agent is privately informed about his type. The principal learns about the agent's type from a noisy performance measure, which can be manipulated by the agent via a…
We present a fuzzy version of the Group Identification Problem ("Who is a J?") introduced by Kasher and Rubinstein (1997). We consider a class $N = \{1,2,\ldots,n\}$ of agents, each one with an opinion about the membership to a group J of…
Frequent violations of fair principles in real-life settings raise the fundamental question of whether such principles can guarantee the existence of a self-enforcing equilibrium in a free economy. We show that elementary principles of…
Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable…
In economy, viewed as a quantum system working as a circuit, each process at the microscale is a quantum gate among agents. The global configuration of economy is addressed by optimizing the sustainability of the whole circuit. This is done…