Purpose - Based on the fact that punishment and subsidy mechanisms affect the anti-epidemic incentives of major participants in a society, the issue of this paper is how the penalty and subsidy mechanisms affect the decisions of governments, businesses, and consumers during Corona Virus Disease...

Robert Aumann's agreement theorem and subsequent work shows that people who are rational in a certain Bayesian sense cannot agree to disagree on matters of fact, as long as there is common knowledge of this common rationality. This result hinges on a type of epistemic impartiality: a rational...

The argument for democracy over dictatorship is often made on second-best grounds. Given the possibility of self-interested leaders, opportunities for predation are decreased by distributing political authority among a number of individuals. This second-best argument loses cogency under...

Rational ignorance and related models of voter choice have been accused of psychological implausibility or even incoherence. Although such models run counter to folk psychological understandings of choice, this paper argues that they are consistent with widely-accepted dual process theories of...

There is a growing consumer preference for regional or "terroir" based products (Guy 2011). The designation of American Viticultural Area (AVA) status has the potential to increase the development of consumer identification with regional wine products. The presence of a distinguishing terroir is...