Interim core concepts for a bayesian pure exchange economy

Article Abstract:

The consumers are asymmetrically endowed with information about their preference relations and initial endowments in the Bayesian pure exchange economy, which is a pure exchange economy. The condition of the Bayesian incentive-compatible interim core specifies the relationships among effects of different type of profiles.

Analysis, Bayesian statistical decision theory, Bayesian analysis, Economic theory

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Market allocation of indivisible goods

Article Abstract:

Competitive equilibrium is proved to exist in the marketing of indivisible goods, such as housing. The proof assumes that a financial intermediary redistributes income and individual buyers make quantity decisions according to their budgets.

Models, Competition (Economics), Marketing, Marketing models, Consumer behavior, Allocation (Accounting)

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Equitable allocation of divisible goods

Article Abstract:

Divisible goods are represented by simple geometric sets including simplexes and polyhedral cones. The equitable allocation of these goods is demonstrated by versions of David Gale's covering lemma.

Economics, Research and Development in the Social Sciences and Humanities, Statistical Data Included, Methods, Usage, Resource allocation, Simplex method, Simplexes (Mathematics), Gail, David

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