The theory of games against nature relies on complete preferences among all conceivable acts (case 1). Aumann and Drèze (Am Econ J Microecon 1(1):116,(2009) consider situations where preferences are defined only for a given set of acts (case 2).We extend these results to situations where (i)...

The European economic integration leads to increasing mobility of factors, thereby threatening the stability of social transfer programs. This article investigates the possibility to achieve by means of voluntary matching grants both the optimal allocation of factors and the optimal level of...

We show by means of an example that the result of Arrow [Arrow, K.J. (1953), Le rôle des valeurs boursières pour la répartition la meilleure des risques, Econométrie, 41-47, CNRS, Paris; translated as The role of securities in the optimal allocation of risk bearing, Review of Economic...

This chapter discusses the Bayesian inference and identification. A Bayesian analysis of the scanning electron microscope (SEM) proceeds along the same lines as any other Bayesian analysis. Thus, if the analyst has chosen to work in a given parameter space, a prior density on that space is...

The 22 papers in this volume illustrate the itinerary of Henry Tulkens on the occasion of his retirement from teaching. The volume presents contemporary analysis of Tulkens' classic papers on public sector economics. The collection is structured in four parts: I. Decentralized resource...

The paper discusses the relationship between two problems, namely: (i) assigning a value to reduction in death probabilities, i.e. defining a «value of life», and (ii) assigning a value to changes in pop- ulation, i.e. defining guidelines for the ethics and economics of pop- ulation. While,...