An algorithm for solving a nonlinear integer program for resource allocation is proposed. This algorithm is efficient and relatively simple. c © 2006 Elsevier Ltd. All rights reserved.

In this paper, we compare the characteristics of real world financial contracts to their counterparts in financial contracting theory. We do so by conducting a detailed study of actual contracts between venture capitalists (VCs) and entrepreneurs. VCs are the real world entities who arguably most closely approximate the investors of theory. (1) The distinguishing characteristic of VC financings...

6 The available water in a catchment depends on where and when the water is taken. This raises 7 considerable man-made uncertainty in water availability. Partly due to this uncertainty, catchments are 8 over-allocated almost everywhere. The over-allocation problem could be managed more effectively if 9 catchment managers could match users’ rights to the available water. In this paper, I show ho...

BACKGROUND: There has been an increased interest in the role of a human rights framework to mobilize resources for health. DISCUSSION: This paper argues that the human rights framework does provide us with an appropriate understanding of what values should guide a nation's health policy, and a potentially powerful means of moving the health agenda forward. It also, however, argues that appeals ...

Water rights trading is an important way to solve the problem of water shortage by market mechanism. The allocation among ecological water, energy and grain planting are basis regional trade. In this paper, concept coordinated development water–ecology–energy–food proposed. We build a model with fairness, efficiency, as goal, achieve security for various industries. Taking Yinchuan city example...

The problem of distributing a given amount of a divisible good among a set of agents which may have individual entitlements is considered here. A solution to this problem, called the Rights–Egalitarian Solution is proposed. This allocation rule divides equally among the agents the difference between the aggregate entitlements and the amount of the good available. A relevant feature of the analy...

In many traditional auctions, the seller or auctioneer is only interested in the price she gets for the auctioned objects. That is, the sole objective is to raise revenue. But, whenever the government sells some rights, it is often the case that the government is also interested in who will get the rights, and how the rights will be used. Generally speaking, when a market arises after an alloca...

This empirical study of business service firms examines the dynamic effects of control rights to intellectual assets. Focusing on firms’ knowledge resources I ask whether the allocation of control rights affects innovation outcomes. Findings suggest, first, that the allocation of rights to intellectual assets between a service supplier and its client indeed has innovation implications: Service ...

We study how best to reward innovators whose work builds on earlier innovations. Incentives to innovate are obtained by offering innovators the opportunity to profit from their innovations. Since innovations compete, awarding rights to one innovator reduces the value of the rights to prior innovators. We show that the optimal allocation involves shared rights, where more than one innovator is p...