Decades back, a most prominent justice philosopher, John Rawls, put forth a clear definition of fairness in problems of social choice. Decision theory, which studies individual, and not social, choice has provided axiomatizations of decision rules in many settings, most prominently in settings...

It is a fact that in most of the countries (both currently and historically) the wealthier a person is, the higher the amount that he or she has to pay in taxes. This feature of a tax system was actually considered by Adam Smith as the first maxim of a good tax regime. In the Wealth of Nations...

Durante las últimas décadas, el mecanismo de subastas ha ganado enorme popularidad como herramienta de asignación de recursos y preponderancia como agenda de investigación académica. En particular, considerando las diferentes alternativas de diseño de una subasta, se han estudiado sus...

Consider the following problem: at each date in the future, a given event may or may not occur, and you will be asked to forecast, at each date, the probability that the event will occur in the next date. Unless you make degenerate forecasts (zero or one), the fact that the event does or does...

We study the application of bootstrap procedures to the problem of constructing confidence intervals for the coefficients of random effects panel data models, based on GLS point estimation. The central problem is the one of adequately resampling from the estimated residuals of the model,...