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Author: Kevin Roberts
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Leonardo Felli and Kevin Roberts
In an environment in which heterogenous buyers and sellers undertake ex-ante investments, the presence of market competition for matches provides incentives for investment but may leave inefficiencies that take the form ...Read more...
1 September 2011
In an environment in which both buyers and sellers can undertake match specific investments, the presence of market competition for matches may solve hold-up and coordination problems generated by the absence of complete...Read more...
May 2001
Kevin Roberts
This paper examines the process and outcomes of democratic decision-making in clubs where a club is defined by their sets of members whose preferences and decisions relate to the set of members in the club: the electorat...Read more...
January 1999
Although conditions that exhaust the implications of rationality (homogeneity, symmetry, definiteness) are well known, these apply under a single set of constraints. If a situation can be compared with another situation ...Read more...
1996
This paper examines the problem of distilling conflicting interpersonal comparisons into a single set of interpersonal comparisons. The mapping that achieves this has a richer co-domain than all social choice problems (a...Read more...
1995
Classical theories of exchange rates, such as Mint Par and Purchasing Power Parity (PPP), have the desirable property that they define a network of exchange rates in which no profit by 'compound arbitration' or 'cyclic a...Read more...
1994
A new and powerful dictatorship result is presented. It is well known that in social choice problems, the negativism of the original Arrow result can be overcome by admitting information based on interpersonal comparison...Read more...
1992
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1989