A lexicographic preference ordering of policy objectives is used to define the policymaker's choice among alternatives. It is shown how the constrained multiple goal problem can be placed in a one-to-one relationship with multidimensional utility analysis. The method is applied to a model of the...

In diesem Diskussionspapier werden die Ergebnisse einer im Mai/Juni 2007 durchgeführten Unternehmensbefragung im Raum Niedersachsen vorgestellt in Bezug auf die Fragestellung, ob sich Unternehmen, die Innovationsförderung erhalten, von nicht geförderten Unternehmen in Bezug auf generelle...

This short article provides an introduction to the concept of transparency, utilizing the tools of game theory, information theory, development theory, and political economy. It considers the role of transparency in international economic law and, in particular, in international economic...

Political scientists have long considered ideology, partisanship, and constituency in determining how members of the United States Congress make decisions. Meanwhile, psychologists have held that personality traits play central roles in decision-making. Here, we bridge these literatures by...

While nation states debate climate policy at an international scale, on a local level, cities across the globe have committed to emission targets and mitigation activities. This study analyses the actual performance of municipal climate action against their targets. Official information material...

Foreign Policy considerations today often include or affect science or scientific matters. In the United States decisions are based on an ad hoc response to situational issues. By comparison, in the last two decades several countries have made a concerted effort to focus on science and...

This study is among the first to uncover specific concepts and skills critical to the general corporate real estate executive. The research targeted a broad range of U.S. and international corporate real estate executives in positions to know the requirements for their assignment. The results...

Unintended consequences manifest themselves in many aspects of socioeconomic life. We develop a model of unintended consequences (UC) of novel policies. In our setup, the policymaker is unaware of the UC of her policy. We discuss several approaches to evaluating policy in terms of welfare...

This paper proposes the following mechanism whereby polarization of beliefs could eliminate political gridlock instead of intensifying disagreement: the expectation of political payoffs from being proven correct by a policy failure could drive decision makers who do not believe in the new policy...

This paper proposes a new approach for modeling investor fear after rare disasters. The key element is to take into account that investors' information about fundamentals driving rare downward jumps in the dividend process is not perfect. Bayesian learning implies that beliefs about the...