In the presence of (at least locally) increasing returns to scale tech- nologies, the paper asks the question: does there exist an economic system which implements Pareto efficient allocations and respects the voluntary participation principle? To answer this question, the paper formulates an...

This paper develops a conceptual framework, which can accommodate a wide range of value judgments used in ethical evaluations of extended social states and which can be used to differentiate different categories of value judgments by referring to the type of information on which they may be...

The classical theory of rational choice is built on several important internal consistency conditions. In recent years, the reasonableness of those internal consistency conditions has been questioned and criticized, and several responses to accommodate such criticisms have been proposed in the...

This paper studies measures of group deprivation in a multi-dimensional framework where, for each individual and each attribute under consideration, the only information that one uses is whether the individual is deprived in terms of that attribute. We consider two classes of measures; one class...

This paper studies the structure of certain measures of group deprivation in a multi-dimensional framework where, for each individual and each attribute under consideration, the only information that one uses is whether the individual is deprived in terms of that attribute. We first...

In the presence of (at least locally) increasing returns to scale tech- nologies, the paper asks the question: does there exist an economic system which implements Pareto efficient allocations and respects the voluntary participation principle? To answer this question, the paper formulates an...

In decision-making involving multiple criteria or attributes, the attributes are often divided into core and non-core attributes. A dominance principle is formulated in terms of core attributes, and this principle is applied whenever it is applicable. If, however, the dominance principle defined...

When a society's overall deprivation or living standard is assessed in a multi-attribute framework, the following procedure is often used. First, for each attribute, a summary index is constructed to reflect a society's performance in relation to this attribute. Then, an indicator of the overall...

ABSTRACT: We analyze the impact of product bundling in experimental markets. One firm has monopoly power in a first market but competes with another firm in a second market. We compare treatments where the multiproduct firm (i) always bundles, (ii) never bundles, and (iii) chooses whether or not...