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The Paradox of the Bayesian Experts and State-Dependent Utility Theory.

Mongin, P. - Center for Operations Research and Econometrics (CORE), … - 1996

When "n" individuals satisfy the axioms of subjective expected utility (SEU) theory and these individuals …)-preference which is both Paretian and in agreement with SEU theory. The paper restates this paradox in the framework of Anscombe …

Persistent link: https://www.econbiz.de/10005669231

Transfers in a polarized country: bridging the gap between efficiency and stability

HAIMANKO, Ori; LE BRETON, Michel; WEBER, Shlomo - Center for Operations Research and Econometrics (CORE), … - 2002

We consider a political economy model of country whose citizens have heterogeneous preferences for a national policy and some regions may contemplate a threat of secession. The country is efficient if its break-up into smaller countries leads to aggregate utility loss. We show that in an...

Persistent link: https://www.econbiz.de/10005042827

The art of making everybody happy: how to prevent a secession

LE BRETON, Michel; WEBER, Shlomo - Center for Operations Research and Econometrics (CORE), … - 2001

In this paper we examine compensation schemes that prevent a threat of secession by all country's regions and in the same time provide no incentives for citizens' migration within the country. We prove that, under quite general assumptions on the distribution of citizens' preferences, there...

Persistent link: https://www.econbiz.de/10005042855

Stability under unanimous consent, free mobility and core

BOGOMOLNAIA, Anna; LE BRETON, Michel; SAVVATEEV, Alexei; … - Center for Operations Research and Econometrics (CORE), … - 2006

In this paper we consider an urban population represented by a continuum of individuals uniformly distributed over the real line that faces a problem of location and ﬁnancing of multiple public facilities. We examine three notions of stability of emerging jurisdiction: stability under...

Persistent link: https://www.econbiz.de/10005042935

The Paradox of the Bayesian Experts and State-Dependent Utility Theory

MONGIN, Philippe - Center for Operations Research and Econometrics (CORE), … - 1996

When n individuals satisfy the axioms of subjective expected utility (SEU) theory and these individuals' probabilities …)-preference which is both Paretian and in agreement with SEU theory. The paper restates this paradox in the framework of Anscombe … state-dependent utility theory which achieves the uniqueness of subjective probabilities. The paper compares this novel …

Persistent link: https://www.econbiz.de/10005042952

On the equivalence between progressive taxation and inequality reduction

JU, Biung-Ghi; MORENO-TERNERO, Juan D. - Center for Operations Research and Econometrics (CORE), … - 2007

We establish the precise connections between progressive taxation and inequality reduction, in a setting where the level of tax revenue to be raised is endogenously fixed and tax schemes are balanced. We show that, in contrast with the traditional literature on taxation, the equivalence between...

Persistent link: https://www.econbiz.de/10005043071

Ever closer Union or Babylonian discord? The official-language problem in the European Union

FIDRMUC, Jan; GINSBURGH, Victor; WEBER, Shlomo - Center for Operations Research and Econometrics (CORE), … - 2007

The policy of official multilingualism is one of the most important and fundamental principles of the Union. However, a large number of official languages imposes substantial financial, communication and legal costs. We address the merits of extensive multilingualism and formulate an analytical...

Persistent link: https://www.econbiz.de/10005043104

Relative utilitarianism an improved axiomatisation

DHILLON, Amrita; MERTENS, Jean-François - Center for Operations Research and Econometrics (CORE), … - 1996

In a framework of preferences over lotteries, we show that an axiom system consisting of weakened versions of Arrow's axioms has a unique solution. "Relative Utilitarianism" consists of first normalising individual von Neumann-Morgenstern utilities between 0 and 1 and then summing them. This...

Persistent link: https://www.econbiz.de/10005043190

Progressivity, inequality reduction and merging-proofness in taxation

JU, Biung-Ghi; MORENO-TERNERO, Juan D. - Center for Operations Research and Econometrics (CORE), … - 2006

Progressivity, inequality reduction and merging-proofness are three wellknown axioms in taxation. We investigate implications of each of the three axioms through characterizations of several families of taxation rules and their logical relations. We also study the preservation of these axioms...

Persistent link: https://www.econbiz.de/10005043628

The Rawlsian principle and secession-proofness in large heterogeneous societies

LE BRETON, Michel; WEBER, Schlomo; DREZE, Jacques - Center for Operations Research and Econometrics (CORE), … - 2004

This paper examines a model of multi-jurisdictional formation considered by Alesina and Spolaore (1997) and Le Breton and Weber (2003), where the distribution of individuals is given by Lebesgue measure over the (finite or infinite) interval. Every jurisdiction chooses a location of a public...

Persistent link: https://www.econbiz.de/10005043635