In this paper, we describe how to solve Model A (finite number of countries complete markets) of the JEDC project by using a simulation-based Parameterized Expectations Algorithm (PEA). JEL classification : C6; C63; C68; C88

OBJECTIVE Personalized medicine is defined by the use of genomic signatures of patients in a target population for assignment of more effective therapies as well as better diagnosis and earlier interventions that might prevent or delay disease. An objective is to find a novel classification algorithm that can be used for prediction of response to therapy in order to help individualize clinical ...

This paper analyzes the optimal assignment of objects which arrive sequentially to agents organized in a waiting list. Applications include the assignment of social housing and organs for transplants. We analyze the optimal design of probabilistic queuing disciplines, punishment schemes, the optimal timing of applications and information releases. We consider three efficiency criteria: the vect...

Using lotteries is a common tool for allocating indivisible goods. Since obtaining preferences over lotteries is often difficult, real-life mechanisms usually rely on ordinal preferences over deterministic outcomes. Bogomolnaia and Moulin (J. Econom. Theory 19 (2002) 623) show that the outcome of an ex post efficient mechanism may be stochastically dominated. They define a random assignment to ...

This paper demonstrates that the economic surplus which agents produce in bilateral interactions is extractable by an outside party having sufficient initial resources. The third party achieves this outcome using a class of ‘‘exclusive-interaction’’ contracts. A basic extractability result is shown to be robust to several extensions: competition among outside parties, multiplicity of interactin...

The automatic identification of protein domains from coordinates is the first step in the classification of protein folds and hence is required for databases to guide structure prediction. Most algorithms encode a single concept based and sometimes do not yield assignments that are consistent with the generally accepted perception. Our development of an automatic approach to identify reliably d...

This paper investigates the optimal assignment of principalship in teams. We formalize a theory of the firm pioneered by Alchian and Demsetz [Am. Econ. Rev. 62 (1972) 777] using an approach in the spirit of Grossman and Hart [J. Pol. Econ. 94 (1986) 691]. Our theory makes a distinction between production effort and monitoring effort. When it is costly to sign contracts on efforts, it may be opt...

In the problem of assigning indivisible goods and monetary transfers, we characterize welfareegalitarian mechanisms (that are decision-efficient and incentive compatible) with an axiom of solidarity under preference changes and a fair ranking axiom of order preservation. This result is in line with characterizations of egalitarian rules with solidarity in other economic models. We also show tha...

We analyze the political philosophy question of what kind of welfare differentials are allowed if we respect private ownership rights over self and public ownership of the external world. We consider cases where agents have equal rights over the publicly owned external world resources but are individually responsible for their preferences. We discuss that these ownership rights are naturally re...