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In this brief comment, the public choice theory aims to distinguish the dilemmas and conflicts in formal and empirical. The hypothesis argues that the reality more complex than the principles of choice of Pareto and Liberalism*. Both the ethics and politics are taking decisions that are not...
Persistent link: https://www.econbiz.de/10011112613
We identify the complete class of transfer rules that guarantee strategyproofness of any non-increasing in completion time allocation rule for the sequencing problem. We then characterize the class of mechanisms satisfying efficiency of decision (or aggregate cost minimization), egalitarian...
Persistent link: https://www.econbiz.de/10011114557
The aim of this paper is to demonstrate that dynamic paths in a model of discrete choice with social interactions, which have been developed by Brock and Durlauf (1999, 2001a, 2001b, 2006), converge some self-consistent equilibrium. To this aim, we propose an asynchronous model of...
Persistent link: https://www.econbiz.de/10011111857
Prior studies of strategic voting in multi-party elections potentially overestimate the extent of it by counting erroneously votes cast under different motivations as strategic votes. We propose a method that corrects some of this overestimation by distinguishing between strategic voting (voting...
Persistent link: https://www.econbiz.de/10011201260
We estimate the relationship between international youth and professional tennis rankings. We find no difference between the predictiveness of rankings from age 14 & Under versus age 16 & Under competitions. The most persistent predictor of professional success is beating older top ranked...
Persistent link: https://www.econbiz.de/10011112126
This study attempts to posit the nexus between psychology and economics. However it is not the purpose of the paper to … traces the historical experience of western economics and psychology through three phases, which inevitably led to secularism … economics and psychology and other behavioral sciences. Due to the inextricable link between culture, motivation and …
Persistent link: https://www.econbiz.de/10009401328
This paper extends the notion of the rational agent in economics by acknowledging the role of the unconscious in the …
Persistent link: https://www.econbiz.de/10010667914
This paper extends the notion of the rational agent in economics by acknowledging the role of the unconscious in the …
Persistent link: https://www.econbiz.de/10008924813
This paper extends the notion of the rational agent in economics by acknowledging the role of the unconscious in the …
Persistent link: https://www.econbiz.de/10011112481
ethics applicable in economic decision making process. Generally, in traditional economics the decision-making process for … important concept the formulation of which into various combinations determines different functions for ethics in economics … integrate these multi dimensional phenomena into a framework for ethics in economics. This paper integrates different approaches …
Persistent link: https://www.econbiz.de/10011108686