Economics

Data on Mathematical Economics Described by Researchers at Carnegie Mellon University

  2012 MAY 11 - (VerticalNews.com) -- According to the authors of a study from Pittsburgh, Pennsylvania, "I study a market where agents with unit demand jointly own heterogeneous goods."

  "In this market, the existence of an efficient, incentive compatible, individually rational, and budget balanced mechanism depends on the shares of the agents. I characterize the set of shares for which having such a mechanism is possible," wrote M.B. Yenmez and colleagues, Carnegie Mellon University.

  The researchers concluded: "This set includes the symmetric allocation and excludes the allocation in which every agent owns a separate good."

  Yenmez and colleagues published their study in the Journal of Mathematical Economics (Dissolving multi-partnerships efficiently. Journal of Mathematical Economics, 2012;48(2):77-82).

  For more information, contact M.B. Yenmez, Carnegie Mellon University, Tepper Sch Business, Pittsburgh, PA 15213, United States.

  Publisher contact information for the Journal of Mathematical Economics is: Elsevier Science Sa, PO Box 564, 1001 Lausanne, Switzerland.

  Keywords: City:Pittsburgh, State:Pennsylvania, Country:United States, Region:North and Central America

  This article was prepared by VerticalNews Economics editors from staff and other reports. Copyright 2012, VerticalNews Economics via VerticalNews.com.