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This paper investigates the politicians �incentives to pursue income redistribution when governments are constrained to levy taxes on labor income and this creates distortions. Politicians who strive to be elected may strategically redistribute through in-kind rather than cash transfers and...
Persistent link: https://www.econbiz.de/10011259346
Multi-input multi-output production technologies can be represented using distance functions. Econometric estimation of these functions typically involves factoring out one of the outputs or inputs and estimating the resulting equation using maximum likelihood methods. A problem with this...
Persistent link: https://www.econbiz.de/10010988812
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We propose the concept of level r consensus as a useful property of a preference profile which considerably enhances the stability of social choice. This concept involves a weakening of unanimity, the most extreme form of consensus. It is shown that if a preference profile exhibits level r...
Persistent link: https://www.econbiz.de/10010877963
A typical approach to handle the complexity of multi-faceted decision-making problems is to use multi-attribute decision-making (MADM) methods based on pairwise comparisons. Fuzzy set theory has also been employed to cope with the uncertainty and vagueness involved in conducting the comparisons...
Persistent link: https://www.econbiz.de/10010888466
We present a new network model accounting for homophily and triadic closure in the evolution of social networks. In particular, in our model, each node is characterized by a number of features and the probability of a link between two nodes depends on common features. The bipartite network of...
Persistent link: https://www.econbiz.de/10011273108
transitivity. This paper characterizes majority rule with a set of axioms that includes two of Maskin's, dispenses with another …
Persistent link: https://www.econbiz.de/10005370724
Recently proposed models of risky choice imply systematic violations of transitivity of preference. Five studies … repeated intransitive patterns. We can retain the hypothesis that transitivity best describes the data of the vast majority of …
Persistent link: https://www.econbiz.de/10005082856
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