We investigate the testable implications of the theory of stable matchings. We provide a characterization of the matchings that are rationalizable as stable matchings when agents' preferences are ...
This paper exhibits a duality between the theory of revealed preference of Afriat and the housing allocation problem of Shapley and Scarf. In particular, it is shown that Afriat's theorem can be ...
The pure time-preference theory of interest is an economic theory that seeks to explain the phenomenon of interest. American economist Frank Fetter was the best-known proponent of the pure ...
The Time Preference Theory of Interest, also known as The Agio Theory of Interest, was presented by Bohm Bawerk, who said that interest is an agio (reward) or (premium) for time preference. The Time ...