Equilibrium social welfare. Medical search. Frequent questions

As an application of our technique, we obtain an efficient algorithm to find an approximate spending-restricted market equilibrium for WGS demands, a model that has been recently introduced as a continuous relaxation of the Nash social welfare (NSW) problem. (dagstuhl.de)
Nash social welfare, matrix permanent, and stable polynomials. (dagstuhl.de)
Nash social welfare for indivisible items under separable, piecewise-linear concave utilities. (dagstuhl.de)
Refinements of Nash equilibrium in potential games ," Theoretical Economics , Econometric Society, vol. 9(3), September. (repec.org)
Refinements of Nash equilibrium in potential games ," Departmental Working Papers 201125, Rutgers University, Department of Economics. (repec.org)
Specifically, I will introduce the current theoretical and practical state-of-the-art algorithms for Nash equilibrium in large two-player zero-sum games. (mit.edu)
Finally, in the third part of the talk I will relax the assumption of perfect rationality of the agents, and study the computation of classic subsets of Nash equilibria, called "trembling-hand refinements", which are robust to mistakes of the players. (mit.edu)
While this new solution concept is general such that standard solution concepts, such as a Nash equilibrium, are special cases of active equilibria, it is unclear when an active equilibrium is a preferred equilibrium over other solution concepts. (deepai.org)
In this paper, we analyze active equilibria from a game-theoretic perspective by closely studying examples where Nash equilibria are known. (deepai.org)
By directly comparing active equilibria to Nash equilibria in these examples, we find that active equilibria find more effective solutions than Nash equilibria, concluding that an active equilibrium is the desired solution for multiagent learning settings. (deepai.org)

Market equilibrium computation (also called competitive equilibrium computation or clearing-prices computation) is a computational problem in the intersection of economics and computer science. (wikipedia.org)
The required output is a competitive equilibrium, consisting of a price-vector (a price for each resource), and an allocation (a resource-bundle for each agent), such that each agent gets the best bundle possible (for him) given the budget, and the market clears (all resources are allocated). (wikipedia.org)
Market equilibrium computation is interesting due to the fact that a competitive equilibrium is always Pareto efficient. (wikipedia.org)
The special case of a Fisher market, in which all buyers have equal incomes, is particularly interesting, since in this setting a competitive equilibrium is also envy-free. (wikipedia.org)
This paper develops a class of equilibrium-independent predictions of competitive equilibrium with indivisibilities. (hbs.edu)
Specifically, we prove an analogue of the "Lone Wolf Theorem" of classical matching theory, showing that when utility is perfectly transferable, any agent who does not participate in trade in one competitive equilibrium must receive her autarky payoff in every competitive equilibrium. (hbs.edu)
On the stability of the competitive equilibrium, II. (dagstuhl.de)
On the stability of the competitive equilibrium, I. Econometrica: Journal of the Econometric Society, pages 522-552, 1958. (dagstuhl.de)
It introduces the concept of a 'market-clearing single-price regime', representing a profile of opportunity sets consistent with competitive equilibrium. (uea.ac.uk)
Sugden, R 2017, ' Characterising competitive equilibrium in terms of opportunity ', Social Choice and Welfare , vol. 48, no. 3, pp. 487-503. (uea.ac.uk)

I am broadly interested in fundamental questions in algorithms and optimisation: exact and approximation algorithms for problems related to network design, flows, matchings, and equilibrium computation, with a particular focus on strongly polynomial computability. (lse.ac.uk)
I will give the first positive and parameterized complexity results for the problems of learning team-correlated equilibria and computing social-welfare-maximizing correlated equilibria in games with any number of players, as well as the theoretical and practical state-of-the-art algorithms for both problems. (mit.edu)

Conformism and self-selection in social networks ," Journal of Public Economics , Elsevier, vol. 136(C), pages 30-44. (repec.org)
Linear Social Interactions Models ," Economics Series 298, Institute for Advanced Studies. (repec.org)
A Strategic Model of Social and Economic Networks ," Discussion Papers 1098, Northwestern University, Center for Mathematical Studies in Economics and Management Science. (repec.org)
Estimating Incentive And Welfare Effects Of Nonstationary Unemployment Benefits ," International Economic Review , Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(4), pages 1159-1198, November. (repec.org)
Estimating Incentive and Welfare Effects of Non-Stationary Unemployment Benefits ," IZA Discussion Papers 4958, Institute of Labor Economics (IZA). (repec.org)
Estimating Incentive and Welfare Effects of Non-Stationary Unemployment Benefits ," Working Papers 1007, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 21 May 2010. (repec.org)
Job Search And Asset Accumulation Under Borrowing Constraints ," International Economic Review , Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(1), pages 233-263, February. (repec.org)
2000. "Global macroeconomicsustainability: a dynamic general equilibrium approach", Environmentand Development Economics, 5, 177-194. (birmingham.ac.uk)
Natural selection, health economics and human welfare / by Alan Williams. (who.int)

Therefore, market equilibrium computation is a way to find an allocation which is both fair and efficient. (wikipedia.org)
Market equilibrium computation has been studied under various assumptions regarding the agents' utility functions. (wikipedia.org)

Social Choice and Welfare 55, no. 2 (August 2020): 215-228. (hbs.edu)
Luister naar deze podcast over kunstmatige intelligentie en de energiesector (29 oktober 2020). (tudelft.nl)
LTC services are considered part of the health or the social care system (Barber, Ong and Han 2020). (who.int)

Our results extend to approximate equilibria and to settings in which utility is only approximately transferable. (hbs.edu)
In this paper, we present a simple auction algorithm that obtains an approximate market equilibrium for WGS demands. (dagstuhl.de)

This trade-off is examined using a life-cycle general equilibrium model. (imf.org)
We introduce the financial market friction through the search and matching in the loan market into a dynamic stochastic general equilibrium (DSGE) model. (or.jp)
While general equilibrium and game theory were the dominating themes when CORE was founded, current research is mostly directed towards applications of theory to a broad variety of problems of market regulation and the organization of the public sector. (uclouvain.be)
Product differentiation: Monopolistic competition in general equilibrium. (uclouvain.be)
f) a general equilibrium model for the quantitative analysis of the industry's impact on the socioeconomic development of rural areas. (europa.eu)
I study capital requirements and their welfare implications in a dynamic general equilibrium model of banking. (repec.org)
This short book gives a clear exposition of the basic elements of axiomatic general equilibrium analysis. (e-booksdirectory.com)
Existing evidence reveals that the effectiveness, and the distributional and social welfare effects of housing policies depend not only on policy design, but also on local market conditions, institutional settings, indirect (dis-)incentives, and general equilibrium adjustments. (lse.ac.uk)
We focus both on specific and currently relevant applications such as the mobile and automobile markets and crowdfunding, as well as on more general issues about the functioning and economic consequences of certain social and economic institutions. (csic.es)
A general equilibrium-based social policy model for C^ote d' Ivoire / Ngee-Choon Chia, Sadek M. Wahba, John Whalley. (who.int)
Structural adjustment and intersectoral shifts in Tanzania : a computable general equilibrium analysis / Peter Wobst. (who.int)

This article includes in an enlarged theory of equilibrium and optimality various government transactions such as production of collective goods, income transfers, direct and indirect taxes. (econometricsociety.org)
In particular, the link between equilibrium and optimality is analysed in relation to indirect taxation. (econometricsociety.org)
Considering the assumptions which are adopted, equilibrium does not necessarily imply optimality, but corresponds to a more restrictive concept called "private optimum. (econometricsociety.org)
In this project we propose an analysis of the optimality of different political interventions in a number of social and economic issues. (csic.es)
This model retains analytical tractability, leads to more robust insights about stable points, and imposes a lower social burden at optimality. (nips.cc)

We characterize the firms' entry decision in the fair trade market as well as the resulting market equilibrium. (ssrn.com)
We also identify the welfare allocation among various stakeholders in the value chain under different certification policies, and thereby address the fairness issue of the fair trade market as well as its resulting social welfare implications. (ssrn.com)
We reveal that the second order approximation of social welfare includes the terms relating credit, such as credit market tightness, the volume of credit, and a loan separation rate, in addition to the inflation rate and the output gap under the financial market friction. (or.jp)
This paper proposes a doubled-sided auction mechanism with price discrimination for social welfare (SW) maximization in the electricity and heating market. (arxiv.org)
Provide students with contemporary microeconomic tools of partial equilibrium and game theory to analyse market structure and its determinants. (uni-lj.si)

We examine the operations, fairness, and social implications of fair trade certified products. (ssrn.com)
The public prepaid financing via a tax-based system, social health insurance financing system is an important tool for the ruling scheme, or mixed system, positively affects the fairness party to ease conflict among different social classes and of the payment distribution burden. (who.int)

We find that introducing a fraction of more efficient low-cost physicians always increases social welfare, but in some cases only because of the raised physicians' surplus. (repec.org)

Moreover, an optimum is an equilibrium only if special assumptions are made on the nature of choices concerning social welfare goods. (econometricsociety.org)
Third, optimal decision rules under standard microfoundations maximize a measure of negative externality known as social burden within a broad class of possible assumptions about agent behavior.Recognizing these limitations we explore alternatives to standard microfoundations for binary classification. (nips.cc)

This provides examples where the social welfare at equilibrium increases, stays the same, or decreases as players become more capable. (arxiv.org)

They, using a cheap talk model in which the state distribution and the players' language competence were ex-ante uncertain, demonstrated that this vagueness occurs as the equilibrium language. (repec.org)
I present a model of conformism in social networks that incorporates both peer effects and self-selection. (repec.org)
A Strategic Model of Social and Economic Networks ," Journal of Economic Theory , Elsevier, vol. 71(1), pages 44-74, October. (repec.org)
The distribution of unemployment duration in our equilibrium matching model with spell‐dependent unemployment benefits displays time‐varying exit rates. (repec.org)
The model provides a good fit to the dynamics of firm entry and exit, output, and R&D. Taxing the continued operation of incumbents can lead to sizable gains (of the order of 1.4 percent improvement in welfare) by encouraging exit of less productive firms and freeing up skilled labor to be used for R&D by high-type incumbents. (iwh-halle.de)

The welfare gains arise from insurance against living much longer than expected. (imf.org)
Policies meant to push welfare gains to the public interest through, for instance, serving environmental justice, can face countervailing circumstances that may result in welfare losses that discount the value of the policy itself. (lu.se)
First, what are these countervailing circumstances and how might they discount the welfare gains of environmental justice policy? (lu.se)
We present a simple graphical framework to illustrate the potential welfare gains from a "top-up" health insurance policy requiring patients to pay the incremental price for more expensive treatment options. (cdc.gov)

Taking the insurance effect of unemployment benefits into account, however, the reform is welfare reducing for 76% of workers. (repec.org)
Estimating Incentive and Welfare Effects of Non-Stationary Unemployment Benefits ," LIDAM Discussion Papers IRES 2010020, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). (repec.org)
Estimating Incentive and Welfare Effects of Non-stationary Unemployment Benefits ," SOEPpapers on Multidisciplinary Panel Data Research 328, DIW Berlin, The German Socio-Economic Panel (SOEP). (repec.org)
Estimating Incentive and Welfare Effects of Non-Stationary Unemployment Benefits ," CESifo Working Paper Series 3069, CESifo. (repec.org)
The hiring subsidy raises job destruction and extends contrary to Mortensen-Pissarides (1999, 2003) the duration of a job search, so that equilibrium unemployment increases. (iza.org)

To make progress here we study and extend fundamental research from the fields of Algorithmic Mechanism Design, Social Choice and Multiagent Systems (e.g. multi-agent path finding). (tudelft.nl)
Social Choice and Welfare , 48 (3), 487-503. (uea.ac.uk)
Many real-life settings of individual choice involve social interactions, causing targeted policies to have spillover effects. (restud.com)
This paper develops novel empirical tools for analyzing demand and welfare effects of policy interventions in binary choice settings with social interactions. (restud.com)
We show that even with fully parametric specifications and unique equilibrium, choice data, that are sufficient for counterfactual demand prediction under interactions, are insufficient for welfare calculations. (restud.com)
Social Choice and Welfare, 15, 559-562. (birmingham.ac.uk)

We show that there exists a unique subgame perfect equilibrium in which all firms invest and no actual implementation with subsidies and taxes is required. (ssrn.com)
Gain understanding of conflict of interest between competitive firms and social welfare. (uni-lj.si)

In this article, we use cross-state panel and cross-U.S. commuting-zone data to look at the relationship between innovation, top income inequality and social mobility. (iwh-halle.de)

In order to be credible, the subsidy and tax rates must maximize social welfare for any combination of investment decisions. (ssrn.com)
Like the subsidy, organizational reforms, which advance the search effectiveness of the PES, crowd out the active jobseekers and reduce overall employment as well as social welfare. (iza.org)

The second subproject studies the optimal allocation of surplus among two competing selfish social groups. (csic.es)

Applies and develops concepts to current economic and social problems and issues. (gmu.edu)
Linear Social Interactions Models ," NBER Working Papers 19212, National Bureau of Economic Research, Inc. (repec.org)
Social Networks and the Identification of Peer Effects ," Journal of Business & Economic Statistics , Taylor & Francis Journals, vol. 31(3), pages 253-264, July. (repec.org)
iv) quantify the industry's contribution to the maintenance of the social and economic cohesion in rural areas. (europa.eu)
Many economic and social conditions shape public welfare spending. (uchicago.edu)
We will also study social conflict and the design of political institutions, the conditions under which checks and balances spread, making systems (countries) robust to economic and political crisis. (csic.es)
The ultimate goal of this project is to guarantee optimal levels of social welfare in all those environments where those social and economic institutions understudy play a relevant role. (csic.es)

The provision of social security reduces precautionary savings and encourages early retirement. (imf.org)
Where the provision of social care (personal and assistive services) is not formalized, there is greater pressure on the health system to meet these needs. (who.int)

Understanding the impact of exploration on the behaviour of multi-agent learning has, so far, benefited from the restriction to potential, or network zero-sum games in which convergence to an equilibrium can be shown. (imperial.ac.uk)
His primary research interests focus on learning and optimization methods for sequential decision making and convex-concave saddle point problems, with applications to equilibrium finding in games. (mit.edu)
We study the impact of player capability on social welfare in congestion games. (arxiv.org)

This is because distinct underlying mechanisms producing the same interaction coefficient can imply different welfare effects and deadweight-loss from a policy intervention. (restud.com)
Standard index restrictions imply distribution-free bounds on welfare. (restud.com)

This paper examines the impact of social security on welfare. (imf.org)
The paper finds that the current U.S. Social Security system can improve welfare even though the levels of aggregate output, employment, capital, and consumption fall relative to their levels without such a system. (imf.org)

As a society we are interested in a pricing scheme for electricity with an equilibrium for electricity consumption and production that optimizes the social welfare. (tudelft.nl)

A more philosophical and normative circumstance is a perceived inefficiency and inequity of public policy when viewed from a cross sectoral approach between addressing both the concerns of climate change and those of social justice. (lu.se)

Existence of an equilibrium for a competitive economy. (dagstuhl.de)

In a special case without any utility from deposit holdings, I obtain welfare implications that are consistent with Corbae and D'Erasmo (2021a). (repec.org)

I find that equilibrium behaviors are linked through the Laplacian matrix of the equilibrium network. (repec.org)
I find that the optimal capital requirement that maximizes social welfare is larger than 3.5%, and the value sensitively depends on the size of utility households derive from deposit holdings. (repec.org)

Papers on Social Representations, 2. (lse.ac.uk)

This holds independently of whether the dynamics reach the equilibrium or display complex behaviours. (imperial.ac.uk)

We show that, in any network game, exploration by agents results in the convergence of Q-Learning to a neighbourhood of an equilibrium. (imperial.ac.uk)
Importantly, if each agent maximizes its long-term rewards by accounting for the impact of its behavior on the set of convergence policies, the resulting multiagent system reaches an active equilibrium. (deepai.org)

To strengthen the sustainability of policy, integration between these different spheres of justice is necessary to create a steady-state equilibrium of environmental and social welfare, amongst other, concerns. (lu.se)

Linear Social Interactions Models ," Journal of Political Economy , University of Chicago Press, vol. 123(2), pages 444-496. (repec.org)

The first block investigates the causes and consequences of social conflict. (csic.es)
In our previous work we have focused on the role of ethnic divisions on social conflict. (csic.es)

Nash10

Competitive equilibrium10

Algorithms2

Economics9

Computation2

20203

Approximate2

General11

Optimality5

Market5

Fairness2

Increases social welfare1

Assumptions2

Decreases1

Model5

Gains4

Unemployment5

Choice6

Firms2

Income1

Subsidy2

Allocation1

Economic7

Provision of social2

Games3

Imply2

Paper2

Electricity1

Approach1

Existence1

Consistent1

Find2

Papers1

Dynamics1

Convergence2

Policy1

Models1

Conflict2