In this paper we extend the results of recent studies on the existence of equilibrium in finite dimensional asset markets for both bounded and unbounded economies. We do not assume that the individual’s preferences are complete or transitive. Our existence theorems for asset markets allow for short selling. We shall also show that the equilibrium achieves a constrained core within the same fram...

SFS (Shape From Shading) theory is based upon the Lambertian paradigm. Our visual demonstrations imply that this paradigm fails to apply to the conventional stimuli used to probe vision.

We examine the impacts of resale opportunity on entry and bidding strategies in simultaneous bidding process (auction mechanism) and sequential bidding process (sequential mechanism) with costly entry, and relative performance between the two mechanisms. Resale opportunity reinforces the partial-pooling equilibrium that a bidder submits a jump bid (even higher than his value) to deter following...

P roviding assistance to the poor through in-kind transfers, such as vouchers for food and housing, garners more political support than providing assistance in cash. Supporters of such policies believe that providing voucher payments for certain goods (such as groceries) will cause recipients to purchase more of the goods being subsidized, and that recipients will not be able to use public assi...

Nigeria has had several housing programmes and policies geared towards the provision of housing her citizens since colonial era to the post-colonial period. The Nigerian Government had always been directly involved in the provision of housing for the public servants and with the advent of the public-private partnership initiative, the low-income public servants’ acceptability of this new housin...

purpose: in recent years, rural housing has gone through huge changes. this paper will attempt to investigate the effect of social changes in the lives of villagers on rural housing patterns. methodology: this study is an applied research and it used descriptive - analytic method for analysis, the major part of data collection was based on field studies and sampling (cochran). the population fr...

This is a most worth-while volume, that should be read by social workers in particular and humanitarians in general. Within small bulk, it lays bare, without offence to those who are labouring now in this field, the great need of the inhabitants of Common Lodging Houses, to be understood in the first place, and to be given the help they so sorely need, in the second. The survey is well planned,...