Theoretical Economics

How can priority services balance efficiency, revenue, and congestion in frictional markets? This article explores the welfare impact of the priority search programs, revealing their potential to achieve optimal market participation https://t.co/Wx2JpsuNZL https://t.co/0T1N4p8OzV

What contracts should a principal offer when there are multiple agents? This paper shows that a relatively pessimistic principal should offer “weight-ranked divide-and-conquer contracts.” https://t.co/mxSMCZa29R

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Anticomonotonicity, the natural counterpart to comonotonicity, provides a useful multi-faceted tool. It generalizes classical results on risk aversion, bookmaking, arbitrage, Anscombe-Aumann SEU, and Cauchy’s equation, and gives new ambiguity models https://t.co/hhqJ0rFBUx https://t.co/ts8p5DnSAE

This paper derives the subdifferential theorem – any conservative monotone correspondence (e.g. demand) is the subdifferential of a convex potential (e.g. indirect utility) – and uses it to characterize demand in economies with indivisible goods https://t.co/TEkf2nPeu1 https://t.co/PUP50ZGuKw

We introduce a notion of substitutability for correspondences and establish a monotone comparative static result, unifying results concerning inverse isotonicity, the identification of demand, monotone comparatives statics, matching, and hedonics https://t.co/QIsXPnJZ5l https://t.co/gXu9Xi7Tl6

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What is the meaning of Pareto optimality when all we know about agents is their past consumption decisions? The paper provides an answer in the form of an empirical analogue of the Pareto relation https://t.co/ysxsiq5elJ https://t.co/Np1z4vepo3

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Theoretical Economics Volume 19, Issue 4 (November 2024) is now online https://t.co/LT8bO4sxxp https://t.co/6HfX7gr9f0