A new constrained optimal transport duality is established and used to prove equilibrium existence in large indivisible-goods markets while correcting a flaw in Azevedo et al. (2013).
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Using optimality conditions from the second-service rule and a structural model on tennis data, the paper shows players value process utility positively and systematically trade off outcome probabilities for it.
Quaternion Hankel matrices have equal left and right ranks and correspond to linear recurrence relations with quaternion coefficients.
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Process Utility in High-Stakes Competition
Using optimality conditions from the second-service rule and a structural model on tennis data, the paper shows players value process utility positively and systematically trade off outcome probabilities for it.