We show that the problem of evaluating infinite sequences (or streams) of utilities by a unique utility (or social welfare function) can be stated in terms of fuzzy subsets of the set of infinite utility sequences. For each stream, its evaluation can be viewed as its degree of membership to the...

A procedure to construct a social welfare function from a social choice function is suggested and it is shown that the dictatorial are the only unanimous social welfare functions that can be reconstructed from a social choice function that does not change the social choice when a defeated...

Interest in prediction markets has increased in the last decade, driven in part by the hope that these markets will prove to be valuable tools in forecasting, decision-making and risk management - in both the public and private sectors. This paper outlines five open questions in the literature,...

Our objectives in this paper are two-fold: an interpretation of the conception of poverty in its multidimensional existence and an explanation in this light of the development experiences of the State of Kerala in India. We discuss the various implications of the links and linkages among human...

This paper considers the legal conflict between farmers and cattle raisers over the fencing of animals and crops within the context of Kansas in the 1870s, when counties were given the option to retain the traditional fence laws (requiring crops to be fenced in) or to adopt the herd laws...

This paper relies on the variation of terror attacks across time and space as an instrument to identify the causal effects of terrorism on the preferences of the Israeli electorate. The authors find that the occurrence of a terror attack within three months of the elections is associated with a...

It is not uncommon that a society facing a choice problem has also to choose the choice rule itself. In such situation voters’ preferences on alternatives induce preferences over the voting rules. Such a setting immediately gives rise to a natural question concerning consistency between these...

Nous examinons, d'un point de vue general, les differents canaux par lesquels une rupture demographique affecte l'economie; par exemple de la reduction des dettes publiques, nous montrons comment elle interfere avec les choix de politique economique.