Intertemporal market division:

Room assignment-rent division: A market approach

A group of friends consider renting a house but they shall first agree on how to allocate its rooms and share the rent. We propose an auction mechanism for room assignment-rent division problems which mimics the market mechanism. Our auction mechanism is efficient, envy-free, individually-rational and it yields a non-negative price to each room whenever that is possible with envy-freeness.

Intertemporal Choice

Intertemporal Aggration

Inter-temporal aggregation results in a summarization of information and a natural delay in the release of information. We study a principal-agent model and show that inter-temporal aggregation can be an optimal feature of a performance evaluation system. We also contrast the value of additional information when existing information is inter-temporally aggregated with its value when existing in...

Intertemporal Macroeconomics

This chapter reviews models of intertemporal choice consumption demand and labour supply. We discuss optimal decisions by individuals at the microeconomic level and the implications for the aggregate economy. The chapter describes the equilibrium in a market-clearing neoclassical model and analyses effects of productivity and government sector shocks on optimal decisions by consumers and worker...

Intertemporal Market Risks and the Cross-Section of Greek Average Returns

This paper examines whether the overall market risk along with risks re‡ecting uncertainty related to the long run dynamics of market cash ‡ows (dividends) and discount rates (returns) price average returns on single-sorted portfolios of the Greek stock market. Following Campbell and Vuolteenaho (American Economic Review, 2004) we check whether these two types of risk provide an empirical impro...