理论经济学
The allocation of resources plays an important role in the completion of system objectives and tasks, especially in the presence of strategic adversaries. Optimal allocation strategies are becoming increasingly more complex, given that…
We provide a strategic model of the formation of production networks that subsumes the standard general equilibrium approach. The objective of firms in our setting is to choose their supply relationships so as to maximize their profit at…
We interpret a fuzzy set as a random availability function and provide sufficient conditions under which a preference relation over the set of all random availability functions can be represented by a utility function.
This study investigates the optimal strategy for a firm operating in a dynamic Keynesian market setting. The firm's objective function is optimized using the percent deviations from the symmetric equilibrium of both its own price and the…
Are there multiple equilibria in the spatial economy? This paper develops a unified framework that integrates systems of cities and regional models to address this question within a general geographic space. A key feature is the endogenous…
This paper considers the optimal management structure about hiring a manager and providing the manager with a separate salary and bonus using a relational contract among an owner, a manager, and workers, assuming that the manager can…
We present a model that investigates preference evolution with endogenous matching. In the short run, individuals' subjective preferences influence partner selection and behavior in strategic interactions, which affect their material…
We model search in settings where decision makers know what can be found but not where to find it. A searcher faces a set of choices arranged by an observable attribute. Each period, she either selects a choice and pays a cost to learn…
Connections are made between solution concepts for games in characteristic function form and Euler's Theorem underlying the neo-classical theory of distribution in which the total output produced is imputed to the marginal products of the…
May's Theorem [K. O. May, Econometrica 20 (1952) 680-684] characterizes majority voting on two alternatives as the unique preferential voting method satisfying several simple axioms. Here we show that by adding some desirable axioms to…
The desirable gambles framework provides a foundational approach to imprecise probability theory but relies heavily on linear utility assumptions. This paper introduces function-coherent gambles, a generalization that accommodates…
In two-sided matching market, when the regional constraints are present, the deferred acceptance (DA) algorithm suffers from undesirable inefficiency due to the artificial allocation of the regional caps among hospitals. We show that, given…
A solution concept that is a refinement of Nash equilibria selects for each finite game a nonempty collection of closed and connected subsets of Nash equilibria as solutions. We impose three axioms for such solution concepts. The axiom of…
We establish the equivalence between a principle of almost absence of arbitrage opportunities and nearly rational decision-making. The implications of such principle are considered in the context of the aggregation of probabilistic opinions…
The Inca Empire developed a sophisticated food production system, social organisation, and knowledge transmission without money or writing. The article introduces the concept of a barter economy structured through hierarchical cooperation…
This paper describes COWPEA (Candidates Optimally Weighted in Proportional Election using Approval voting), a method of proportional representation that uses approval voting, also known as random priority, though underdeveloped in the…
The Owen value is an well-known allocation rule for cooperative games with coalition structure.In this paper, we introduce the concept of highly mutually dependent unions. Two unions in a cooperative game with coalition structure are said…
The concept of Nash equilibrium in behavioral strategies (NashEBS) was formulated By Nash~\cite{Nash (1951)} for an extensive-form game through global rationality of nonconvex payoff functions. Kuhn's payoff equivalence theorem resolves the…
Online selection problems frequently arise in applications such as crowdsourcing and employee recruitment. Existing research typically focuses on candidates with a single attribute. However, crowdsourcing tasks often require contributions…
This paper seeks to explore the potential trade-off arising between the theories of $\textit{Equality of Opportunity}$ and $\textit{Opportunity Pluralism}$. Whereas the first theory has received much attention in the literature on Welfare…