منابع مشابه
Credit Rationing , Wealth Inequality , and Allocation of Talent 1
We study an economy where agents are heterogeneous in terms of observable wealth and unobservable talent. Adverse selection forces creditors to ask for collateral. We study the two-way interaction between rationing in the credit market and the wages offered in the labor market. Both pooling and separating credit contracts can be offered in equilibrium. The minimum wealth needed to obtain a sepa...
متن کاملCredit Rationing , Wealth Inequality , and Allocation of Talent
We study an economy where agents are heterogeneous in terms of observable wealth and unobservable talent. Adverse selection forces creditors to ask for collateral. We study the two-way interaction between rationing in the credit market and the wages offered in the labor market. Both pooling and separating credit contracts can be offered in equilibrium. The minimum wealth needed to obtain a sepa...
متن کاملPrivacy-preserving horizontally partitioned linear programs with inequality constraints
In this paper we solve the open problem, finding the solutions for privacy-preserving horizontally partitioned linear programs with inequality constraints, proposed recently by Mangasarian, O.L. ( Privacy-preserving horizontally partitioned linear programs, Optim Lett 2011, to appear).
متن کاملRationing conscience
Decisions about allocation of limited healthcare resources are frequently controversial. These decisions are usually based on careful analysis of medical, scientific and health economic evidence. Yet, decisions are also necessarily based on value judgements. There may be differing views among health professionals about how to allocate resources or how to evaluate existing evidence. In specific ...
متن کامل'Hydraulic' rationing
The problem of distributing a single homogeneous divisible good among a variable set of agents, or the ‘rationing problem,’ is analyzed. Examples of rationing include bankruptcy, taxation, claims settlement, cost allocation, surplus sharing, and social choice problems. Agents are described by their personal characteristics, or types. A type may be an agent’s utility function, ]] preference orde...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2005
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2005.01.004