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Nash equilibria of games when players'preferences are quasi-transitive

Basu, Kaushik; Pattanaik, Prasanta K. - Economics Research, World Bank Group - 2014

Much of game theory is founded on the assumption that individual players are endowed with preferences that can be represented by a real-valued utility function. However, in reality human preferences are often not transitive. This is especially true for the indifference relation, which can lead...

Persistent link: https://www.econbiz.de/10010903290

The need for multiple types of information to inform climate change assessment

Toman, Michael - Economics Research, World Bank Group - 2014

Information on ecosystem characteristics as well as economic statistics is needed to more fully inform decision makers on the impacts of climate change on human well-being. Climate change risks involve potentially large and irreversible as well as highly uncertain impacts that need to be...

Persistent link: https://www.econbiz.de/10010958919

Willingness to pay for air quality improvements in Sofia, Bulgaria

Whittington, Dale; Wang, Hua - Economics Research, World Bank Group - 2000

Through a survey the authors study willingness to pay for improvements in air quality in Sofia, Bulgaria. Using a stochastic payment car approach - asking respondents the likelihood that they would agree to pay a series of prices - they estimate the distribution of willingness to pay various...

Persistent link: https://www.econbiz.de/10005079597

Well-being during a time of change : Timor-Leste on the path to independence

Richter, Kaspar - Economics Research, World Bank Group - 2005

Countries undergoing fundamental economic and political transformations might experience differential adjustments in material well-being and empowerment. The author evaluates self-rated welfare and power changes in Timor-Leste covering the period prior to the 1999 referendum on independence from...

Persistent link: https://www.econbiz.de/10005079981

Tastes, castes, and culture : the influence of society on preferences

Fehr, Ernst; Hoff, Karla - Economics Research, World Bank Group - 2011

Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here the...

Persistent link: https://www.econbiz.de/10009245494

On the measurement of product variety in trade

Feenstra, Robert; Kee, Hiau Looi - Economics Research, World Bank Group - 2004

Product variety plays an important role in the theoretical work on monopolistic competition and trade, and recent empirical work has begun to quantify this for aggregate and disaggregate import demands. The authors discuss the measurement of product variety in trade, using a broad cross-section...

Persistent link: https://www.econbiz.de/10005133774

Patterns of behavior in biodiversity preservation

Metrick, Andrew; Weitzman, Martin L. - Economics Research, World Bank Group - 1994

Conservation budgets are limited, so it is right to ask of biodiversity programs, What should be preserved? How much … biodiversity conservation resources been optimally allocated? What determines government decisions about the preservation of …-documented country experience currently available. The authors discuss the most common normative justifications for biodiversity …

Persistent link: https://www.econbiz.de/10005134104

Projecting fertility for all countries

Bos, Eduard; Bulatao, Rodolfo - Economics Research, World Bank Group - 1990

This paper reviews and updates the procedures for making fertility projections. It classifies countries as pre-transitional, transitional, and post-transitional on the basis of current fertility and recent trends. Three data sets are used to analyze the trends for countries or economies in the...

Persistent link: https://www.econbiz.de/10005141479

Who cares about relative deprivation ?

Ravallion, Martin; Lokshin, Michael - Economics Research, World Bank Group - 2005

Theories of relative deprivation predict negative welfare effects when friends and neighbors become better-off. Other theories point to likely positive benefits. The authors encompass both views within a single model, which motivates their tests using a survey for Malawi that collected data on...

Persistent link: https://www.econbiz.de/10005141493

Commodity price uncertainty in developing countries

Dehn, Jan - Economics Research, World Bank Group - 2000

Uncertainty about commodity export prices is important to developing countries -- both governments and producers -- that export primary commodities. Commodity export price uncertainty is typically measured as the standard deviation in the terms of trade. There are three problems with this...

Persistent link: https://www.econbiz.de/10005141896