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We introduce two new equilibrium re nements for nite normal form games, both of which incorporate the intuitive idea that a costless deviation by one player is more likely than a costly deviation b...
This study quanti es the eciency of a real-world bargaining game with two-sided incomplete information. Myerson and Satterthwaite (1983) and Williams (1987) derived the theoretical ecient frontier ...
We introduce a simple and robust approach to address two key questions in empirical auction analysis: discriminating between models of entry and quantifying the revenue gains from improving auction d...
Matching and Price Competition     Matching  Price Competition       2015/7/21
We develop a model in which firms set impersonal salary levels before matching with workers. Wages fall relative to any competitive equilibrium while profits rise almost as much, implyin...
Premiums in health insurance markets frequently do not reflect individual differences in costs, either because consumers have private information or because prices are not risk rated. This creates i...
In 2003 the federal-state Medicaid program provided prescription drug coverage to more than 50 million people.To determine the price that it will pay for each drug, Medicaid uses the average private s...
Since the early 1970s, movie theaters in the United States have employed a pricing model of uniform prices for differentiated goods. At any given theater, one price is charged for all movies, seven d...
This paper presents a new non-cooperative approach to multilateral bargaining. We consider a demand game with the following additional ingredients: (i) there is an exogenous deadline, by which bargai...
The field of Industrial Organization (IO) studies the behavior of firms and the interaction among them. In the last 25 years, IO studies have increasingly focused on single industries, us...
The relationship between the number of Örms and price competition is a central issue in economics. To explore this relationship, we modify Varianís (1980) model and assume that Örms are priv...
We analyze the Baron and Myerson (1982) model of regulation under the restriction that transfers are infeasible. Extending the Lagrangian approach to delegation problems of Amador and Bagwell (2013a) ...
均衡价格理论的错误:第一,需求曲线形成的逻辑路径是错误的。第二,供给曲线得以建立的理论基础是错误的。第三,供给曲线的因果内涵是错误的。第四,均衡价格模型只是一个单向因果结构,并不存在供求关系决定价格的内涵。第五,需求曲线内涵真实,供给曲线则纯粹虚构,两者之间没有均衡关系可言。经济系统中根本没有供给曲线,只有需求曲线。市场的运行只是由需求曲线单方面支配着。在供求相等的条件下,供给量和价格的对应关系就...
多阶段投资组合评价是目前研究的热点问题,本文将交易成本考虑进去,构建了考虑交易成本的多阶段投资组合优化模型,基于真实前沿面定义了投资组合的效率并构建了相应的非线性模型进行计算。针对非线性模型难以求解及真实前沿面解析解难以获得等问题,本文证明了前沿面函数为凹函数,进而利用DEA模型的前沿面来逼近真实前沿面并估计多阶段投资组合的效率,最后通过仿真分析验证了本文方法的有效性。
笔者长期从事成本会计教学与理论研究,通读了当前高职主要的成本会计教材,这些教材对辅助生产费用分配方法——计划成本分配法的处理基本一致,其存在的问题也很明显。特别是邹金伶与董想二位老师发表在《财会月刊》上的二文,对我启发很大。因而,针对当前教材及以上二文关于计划成本分配法存在的问题,发表了自己的看法,并提出了相应的改进措施。
We examine the impact of "substantially heightened" capital requirements on large financial institutions, and on their customers. Our analysis yields three main conclusions. First, the frictions assoc...

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