The paper extends the Samuelsonian overlapping generations framework to encompass a variety of altruistic preferences, recasting it into a Lindahl equilibrium framework. It has been shown that altruism towards parents provides an alternative answer to the basic question of capital theory as to...

This paper examines the concepts of trust and trustworthiness in the context of a one-sided variation of the prisoner's dilemma, and it evaluates four different categories of solutions to the PD problem: changing player preferences, enforcing explicit contracts, establishing implicit contracts,...

The existence of social norms is one of the big unsolved problems in social cognitive science. Although no other concept is invoked more frequently in the social sciences, we still know little about how social norms are formed, the forces determining their content, and the cognitive and...

Our study concerns bargaining behavior in situations where one party is in a stronger position than the other. We investigate both the tradeoff the favored party makes between pursuing his strategic advantage and giving weight to other players' concern for fairness, and the tradeoff the...

This essay develops a transcendental variable elasticity of substitution (Trans-VES) production function in which hypotheses concerning scale, output-input, and substitution, elasticities can be examined. The objective is to determine the impacts of domestic resources on the pattern of economic...

This paper presents a model of endogenous oil spill regulation where the severity of regulations is shown to be a function of the size of recent spills. The regulator chooses how much to regulate in order to maximize political capital when regulations are rigid downwards and the distribution of...

In this note I explictly construct utility functions that (more or less) satisfy the conditions needed for the counterexample of Mas-Colell and Zame(1992)

This book covers a broad range of mathematical and statistical concepts that includes Mathematical Statistics, Non-Parametric Statistics, Design of Experiments, Probability, Operations Research, and Stochastic Models. The topics covered include: statistics, stochastic models, mathematics,...

The particular subject of this paper, is to give an explicit formulas that will permit to obtain the linear VaR or Linear ES, when the joint risk factors of the Linear portfolios, changes with mixture of t-Student distributions. Note that, since one shortcoming of the multivariate t-...