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Children are seldom accounted for in household behavioural models. They are usually assumed to have neither the capacity nor the power to influence the household decision process. The literature on collective models has so far incorporated children through the "caring preferences" of their...
Persistent link: https://www.econbiz.de/10005015324
and group rationality in bilateral monopoly (BM) and the reduction of incentive to opportunism together with the increase …
Persistent link: https://www.econbiz.de/10005260247
We develop and formalize a utilitarian notion of responsibility for sustainability which is inspired by Singer's (1972) principle and the Brundtland Commission?s notion of sustainability (WCED 1987). We relate this notion of responsibility to established criteria for the assessment of...
Persistent link: https://www.econbiz.de/10010535180
This note derives the dynamic programming equation (DPE) to a differentiable Markov Perfect equilibrium in a problem with non-constant discounting and general functional forms. We begin with a discrete stage model and take the limit as the length of the stage goes to 0 to obtain the DPE...
Persistent link: https://www.econbiz.de/10010537324
Multiissue negotiations present opportunities for tradeoffs that create gains for one or more parties without causing any party to be worse off. The literature suggests that parties are often unable to identify and capitalize on such trades. We present a Negotiation Support System, called...
Persistent link: https://www.econbiz.de/10009214680
The conventional search and matching model has been criticized for its inability to explain large cyclical volatility in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such volatility without assuming wage rigidity by showing that...
Persistent link: https://www.econbiz.de/10009228915
Persistent link: https://www.econbiz.de/10009326733
This study take into discussion the problem of underlay the decisions, which are particularly complex and actual, based of an important volume of information, which need an important quantity of work. From our investigations, we conclusion that some inconvenient can be evitable by use also of...
Persistent link: https://www.econbiz.de/10009393082
In finite markets with short-selling, conditions on agents' utilities insuring the existence of efficient allocations and equilibria are by now well understood. In infinite markets, a standard assumption is to assume that the individually rational utility set is compact. Its drawback is that one...
Persistent link: https://www.econbiz.de/10009401085
We study the regulation of a morally responsible agent in the context of a negative consumption externality and motivation crowding. In particular, we analyze how various governmental interventions affect the agent’s motivation to assume moral responsibility. Employing a motivation-crowding...
Persistent link: https://www.econbiz.de/10010551732