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This paper studies the Pareto-optimality of the consensual optimum established in "Allais-anonymity as an alternative to the discounted-sum criterion I: consensual optimality" (Mabrouk 2006a). For that, a Pareto-optimality criterion is set up by the application of the generalized Karush, Kuhn...
Persistent link: https://www.econbiz.de/10005025714
The axiom translation invariance consists in asserting the invariance of the ranking of two utility streams if one applies the same translation to both. This axiom is significant in the characterization of utilitarian criteria in finite dimension. This characterization is achieved thanks to the...
Persistent link: https://www.econbiz.de/10008549594
The objective of this work is to try to define and calculate the optimal growth path, in the presence of exogenous technical change, without resorting to the discounted-sum criterion. The solution suggested is to consider an optimality criterion expressing an Allais-anonymous intergenerational...
Persistent link: https://www.econbiz.de/10005789826
rate and white income levels, whereas black migration should be a function of black unemployment rates and black income … per recipient (arguably because such states do less income redistribution) whereas black migrants prefer to move to higher … welfare states (where the welfare serves as a form of higher income and/or a form of higher unemployment insurance). …
Persistent link: https://www.econbiz.de/10011108967
living cost level is found to be an increasing function of population density, average income, and the degree of urbanization …
Persistent link: https://www.econbiz.de/10011109967
to move shorter rather than longer distances. White migrants were more likely to move to higher per capita income states …
Persistent link: https://www.econbiz.de/10011111221
. Ordinary least squares results imply that the cost of housing is positively a function of median family income, miles of …
Persistent link: https://www.econbiz.de/10011111794
cooling degree days, real per capita personal disposable income, and the real unit price of natural gas. Annual per …
Persistent link: https://www.econbiz.de/10011112959