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Article
Production, interest, and saving in deterministic economies with additive endowments
Stationary equilibria are constructed for a series of nonstochastic production economies in which the decisions of producers, wage earners, shareholders, and savers modulate, via a “production function”, the e...
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Article
A Stochastic Overlap** Generations Economy with Inheritance
An overlap** generations model of an exchange economy with two sources of uncertainty is considered. Individuals have a finite expected life span and uncertain annual income. Conditions concerning birth, dea...
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Book Reviews
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Book reviews
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Book reviews
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Book reviews
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Book reviews
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Classification of two-person ordinal bimatrix games
The set of possible outcomes of a strongly ordinal bimatrix games is studied by imbedding each pair of possible payoffs as a point on the standard two-dimensional integral lattice. In particular, we count the ...
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Chapter
The Reconciliation of Micro and Macro Economics
It is suggested that the appropriate structure for the reconciliation of micro and macroeconomics is an infinite horizon overlap** generations (OLG) model with many finitely lived natural persons and one inf...
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Book reviews
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Book reviews
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Chapter
The Uses, Value and Limitations of Game Theoretic Methods in Defence Analysis
An overview of the applications of the theory of games to defence analysis is given. The important distinction is made between those models of conflict which can be adequately modelled as two-person constant-s...
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Article
A note on the “corelessness” or antibalance of a game
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Article
Book reviews
It is a pleasure to read this book. The state of art for Newton-type methods is given. It is strongly recommended also for teaching purposes. Numerical analysis is presented in an optimal way including both th...
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Article
Buchbesprechungen
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Article
Logrolling and budget allocation games
In this paper we approach the concept of logrolling by examining a voting system where choices are made among sets of competing projects as a game in characteristic function form. We translate the question: “W...
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Article
The assignment game I: The core
The assignment game is a model for a two-sided market in which a product that comes in large, indivisible units (e.g., houses, cars, etc.) is exchanged for money, and in which each participant either supplies ...
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Chapter and Conference Paper
Welfare, Economic Structure and Game Theoretic Solutions
The concept of solution to an n-person game is discussed. Six solutions are defined and interpreted in terms of social desiderata. These properties include efficiency, decentralization, social stability, fair ...