In continuum economies, widespread externalities are those over which each individual has negligible control. Nash–Walrasian equilibria with lump-sum transfers are defined, and their existence proved. They are then characterized by the property of “f constrained Pareto efficiency” for finite coalitions. More general “private good” Nash– Walrasian equilibria are characterized as private good con...

We study efficient full implementation via transfers in unique rationalizable strategies environments that are symmetric two senses: first, agents display the same total level of preference interdependence; second, types commonly known to be drawn from distributions with identical (but unknown) means. characterize conditions under which is possible direct mechanisms, as well transfer schemes ac...


 The United States has a unified system that taxes transfers of property during an individual’s lifetime (gifts) and transferred as result the death. Tax Relief, Unemployment Insurance Reauthorization, Job Creation Act 2010 (the Act) contains provision will allow unused portion decedent’s exclusion (taxable estate protected by credit) to be used upon subsequent death surviving spouse. por...

We characterize the structure of the set of core matchings of an assignment game (a two-sided market with transfers). Such a set satisfies a property we call consistency. Consistency of a set of matchings states that, for any matching ν, if, for each agent i there exists a matching μ in the set for which μ (i) = ν (i), then ν is in the set. A set of matchings satisfies consistency if and only i...

It is shown that a highly-phase-sensitive polarization-squeezed 2n−1 -photon state can be generated by subtracting a diagonally polarized photon from the 2n photon component generated in collinear type II downconversion. This polarization wedge state has the interesting property that its photon number distribution in the horizontal and vertical polarizations remains sharply defined for phase sh...

Effective scheduling is critical for the performance of an application launched onto the Grid environment [13], [14]. Deriving efficient algorithms for this scheduling has always been a challenging research area. Many scheduling algorithms have been proposed, studied and compared but there are few studies comparing their performance in Grid environments. The Grid environment has the unique prop...

The article focuses on the acquisition of agricultural land in Czech Republic. It aims to describe topic context both historical and property law. introduces ownership relations their composition. Agricultural was nationalized by State past. Therefore, after Velvet Revolution, it necessary restate a significant part state-owned back its original owners. Privatization related matters form presen...

In this appendix, we introduce a more general allocation and demonstrate the equal treatment property. All the proofs are in section 2. Let C ⊆ R be the domain of the utility function, so C = (0,∞) for log utility and γ < 0 and [0,∞) for γ > 0. By C − x we will mean the algebraic sum of the sets C and {−x}. Similarly, define V = u(C). At any given time t , the principal knows an agent’s initial...

In the present paper general stationary overlapping generations economies with many commodities in every period and many different consumers in every generation are considered. A government maximizes a utilitarian social welfare function, which is the sum of weighted averages of utilities for generations, through fiscal policy, i.e., monetary transfers and taxes. Situations both with and withou...

regarding articles 134 and 138 of the constitutional law and in accordance with the notes of 4-37, 8-1, 8-2 and 8-3 of the general policies from the first section of the first five year economic plan, in order to increase efficiency in public enterprises, reduce the size of the government and its intervention in non necessary economic activities, to create economic equilibrium, and to optimize ...