Welfare States in the European Union have many different characteristics, including the role assigned to local government. In order to explain these institutional differences the authors discuss the concept of a welfare state regime (WSR), and suggest a taxonomy of four types of WSR. They also...

The operator convex functions of several variables are characterized in terms of a non-commutative generalization of Jensen's inequality, extending previous results of F. Hansen and G.K. Pedersen for functions of one variable and of F. Hansen for functions of two variables.

Functions mapping the set of symmetric matrices with non-negative entries into itself are monotonous with respect to the associated order structure. Such functions are analytic and the derivatives in zero of arbitrary order are non-negative.

We formulate a general theory of decision making based on a lattice of observable events, and we exhibit a large class of representations called the general model. Some of the representations are equivalent to the so called standard model in which observable events are modelled by an algebra of...

We formulate a new theory of expected utility under uncertainty based on the notion of an event-lattice, which is a natural generalization of a Savage state space. The modelling of uncertainty is based on the idea that the decision maker for each group of related decisions to be taken creates a...

We consider the risk premium demanded by a decision maker in order to be indifferent between obtaining a new level of wealth with certainty, or to participate in a lottery which either results in unchanged wealth or an even higher level than what can be obtained with certainty. We study...

HANSEN F. and JENSEN-BUTLER C. (1996) Economic crisis and the regional and local economic effects of the welfare state: the case of Denmark, Reg. Studies 30, 167-187. The paper presents an analysis of the regional and local economic role of the Danish welfare state during a prolonged period of...