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Individual and developmental differences in the relationship of preferences and theory of mind
Leipold, Kristina; Vetter, Nora C.; Dittrich, Marcus; … - 2012
Theory of mind and individual preferences are important determinants in social decision making. The current study …
Persistent link: https://www.econbiz.de/10010291540
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Axiomatizations of a Positional Power Score and Measure for Hierarchies
van den Brink, René; Steffen, Frank - 2008
actors. While such an analysis informs us about the authority structure within an organization, it ignores the decision …-making mechanisms completely. The few studies which take into account the decision-making mechanisms make all use of adaptations of well … a class of decision-making mechanisms which allow certain actors to terminate a decision before all other members have …
Persistent link: https://www.econbiz.de/10010325906
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A Positive Framework to Analyze Sovereign Bail-outs within the EMU
Fahrholz, Christian; Wójcik, Cezary - 2011
We propose a positive formal framework for analyzing sovereign bail-outs in the context of the European Monetary Union (EMU) with a view to making policy recommendations regarding improvements to the EMU institutional architecture. We build our analysis on a political economic game-theoretic...
Persistent link: https://www.econbiz.de/10010334489
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The bail-out!: Positive political economics of Greek-type crises in the EMU
Fahrholz, Christian; Wojcik, Cezary - 2010
The Greek bail-out was highly controversial. An oft-heard assessment is that i) the bail-out was a mistake, ii) the political haggling over it was irrational and iii) the bail-out will create a moral hazard problem. Contrary to this view, our analysis suggests that, given EMU's present...
Persistent link: https://www.econbiz.de/10011430854
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The bail-out! Positive political economics of greek-type crises in the EMU
Fahrholz, Christian; Wójcik, Cezary - 2010
The Greek bail-out was highly controversial. An oft-heard assessment is that i) the bail-out was a mistake, ii) the political haggling over it was irrational and iii) the bail-out will create a moral hazard problem. Contrary to this view, our analysis suggests that, given EMU's present...
Persistent link: https://www.econbiz.de/10010274897
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Quantifying inefficiency in incomplete asset markets
Tirelli, Mario; Turner, Sergio - 2007
It is known that the incompleteness of asset markets causes inefficiency in almost every equilibrium. Yet unexplored is the ”size” of this inefficiency. The size of a Pareto improvement is the total willingness to pay for it, out of current consumption. Inefficiency is the maximum size of...
Persistent link: https://www.econbiz.de/10010318933
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Exploitation, Altruism, and Social Welfare: An Economic Exploration
Doepke, Matthias - 2013
Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare function. I first show that under the standard...
Persistent link: https://www.econbiz.de/10010319596
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On equitable social welfare functions satisfying the weak Pareto axion: A complete characterization
Dubey, Ram Sewak; Mitra, Tapan - 2010
The paper examines the problem of aggregating infinite utility streams with a social welfare function which respects the Anonymity and Weak Pareto Axioms. It provides a complete characterization of domains (of the one period utilities) on which such an aggregation is possible. A social welfare...
Persistent link: https://www.econbiz.de/10010292058
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Tax-benefit revealed social preferences
Bourguignon, François; Spadaro, Amedeo - 2008
This paper inverts the usual logic of applied optimal income taxation. It starts from the observed distribution of income before and after redistribution and corresponding marginal tax rates. Under a set of simplifying assumptions, it is then possible to recover the social welfare function that...
Persistent link: https://www.econbiz.de/10010288281
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The effects of group composition and fractionalization in a public goods game
Lucas, Pablo; de Oliveira, Angela C.M.; Banuri, Sheheryar - 2012
Behavioural economics highlights the role of social preferences in economic decisions. Further, populations are heterogeneous; suggesting that group composition may impact the ability to sustain voluntary public goods contributions. This parallels research in public economics where...
Persistent link: https://www.econbiz.de/10010319918