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, rendering conclusions regarding well-being policy less straightforward. …
Persistent link: https://www.econbiz.de/10010739114
government is defined as a pair consisting of a winning coalition and a policy supported by this coalition, where a policy … allow the criteria to be of unequal importance to a party. These criteria concern winning coalitions and policy issues …
Persistent link: https://www.econbiz.de/10008789606
The authors have set out an analytical framework of the acceptability of pricing changes in the transport sector. This framework combines the dimensions of economic efficiency (to manage the demand efficiently), territorial equity (guarantee of accessibility), horizontal equity (user-pays...
Persistent link: https://www.econbiz.de/10008790692
Cotton sectors are facing many issues which are quite well reported by online newspapers. Many issues are internal to the running of cotton sectors. They are little related to the international issue of market distortion, pertaining to the "cotton file" of the WTO. A number of issues impeding...
Persistent link: https://www.econbiz.de/10008792007
The 2007-2008 food crisis and current food price swings led economists to re-evaluate the potential for policy … policy to lower food price volatility does not depend on the nature of the policy instrument only, but also on the … tradition of public intervention, and by the persistence of highly volatile prices. The consistency of the policy use appears to …
Persistent link: https://www.econbiz.de/10010821035
The question of choice, in Hume's works, lies within the more general framework of the theory of passions. These lead towards desire, aversion and volition, and require reason, as a cognitive faculty, in order to build the set of objects on which our preferences are defined, and to determine its...
Persistent link: https://www.econbiz.de/10008790734
According to a minimalist version of Afriat's theorem, a consumer behaves as a utility maximizer if and only if a feasibility matrix associated with his choices is cyclically consistent. An essential experiment consists of observed consumption bundles (x_1,..., x_n) and a feasibility matrix...
Persistent link: https://www.econbiz.de/10010569154
According to a minimalist version of Afriat's theorem, a consumer behaves as a utility maximizer if and only if a feasibility matrix associated with his choices is cyclically consistent. An essential experiment consists of observed consumption bundles (x_1,..., x_n) and a feasibility matrix...
Persistent link: https://www.econbiz.de/10010898589
In 1940 Schumpeter wrote a paper entitled: "The Meaning of Rationality in the Social Sciences", which was intended to …, that he took the initiative to start. In this paper Schumpeter develops thoroughly his own conception of rationality in … indeed interestingly anticipates some important debates concerning the problem of rationality and behavior in economics and …
Persistent link: https://www.econbiz.de/10010738554
I establish, in simple deterministic overlapping generations economies, that if each agent holds rationally formed expectations in the sense that any other expectations justifying his choices imply a smaller likelihood for the history he observes with limited memory, then there are rationally...
Persistent link: https://www.econbiz.de/10010750627