This paper constructs a model of the recorded music market to investigate the consequences of local content requirements in broadcasting for the ‘internationalization’ of domestic music. We model the entry decisions of bands, the contracting decisions of record companies, the airplay decisions of radio stations and the radio listening and recording purchasing decisions of consumers. We show tha...

We propose a new method of the Single Transferable Vote (STV) and give a unified way to describe classic procedures (Gregory Method, Inclusive Gregory Method and Weighted Inclusive Gregory Method) as an iterative procedure. A modification for quota definition is proposed which improves theoretical properties of the procedures. The method is justified by a new set of axioms. It is shown that thi...

We study an individual transferable quota system with imperfect enforcement. We apply a model of individual fisherman behavior to the red shrimp (Pleuroncodes monodon) fishery in central-southern Chile. Simulation results suggest that illegal fishing could generate a 21% increase in fishing effort, resulting in a 13% increase in catch and a 2% lower quota price in comparison with the results of...

This paper revisits the college admissions problem and studies the efficiency, incentive, and monotonicity for colleges. We show that max-min criterion that is stronger than substitutability, together with the quota-saturability that requires having enough acceptable applicants, guarantees weak Pareto efficiency and strategy-proofness for colleges under the colleges-proposing deferred acceptanc...