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Does market coordination lead to justice or to strict efficiency in Social Choice and Individual Values?
Berthonnet, Irène; Desreumaux, Vincent - In: Cahiers d’économie politique / Papers in Political … (2014) 66, pp. 95-126
The paper tries to clarify the status of the market in Social Choice and Individual Values. It shows how Arrow at first intended to propose a third theorem of welfare economics (Feldman [1991]), which would show that the market achieves not only Pareto-optimality, but also equitable social...
Persistent link: https://www.econbiz.de/10010787025
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Lucas vs. Lucas; On Inequality and Growth
Cordoba, Juan Carlos; Verdier, Geneviève - International Monetary Fund (IMF) - 2007
Lucas (2004) asserts that "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution... The potential for improving the lives of poor people by finding different ways of distributing current...
Persistent link: https://www.econbiz.de/10005599308
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Modeling Politics with Economics tools; A Critical Survey of the Literature
Olters, Jan-Peter - International Monetary Fund (IMF) - 2001
behaviour on the economy, it has not (yet) managed to fully develop a positively formulated "economic theory of politics" that …
Persistent link: https://www.econbiz.de/10005605269
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Introduction to social choice and welfare
Suzumura, Kotaro - Banca d'Italia - 2002
Social choice theory is concerned with the evaluation of alternative methods of collective decision-making, as well as … Suzumura, presents, in two volumes, essays on past and on-going work in social choice theory and welfare economics. This paper … volumes in better perspective, discussing the historical background of social choice theory, the vistas opened by Arrow …
Persistent link: https://www.econbiz.de/10005609392
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Welfare economics
Baujard, Antoinette - HAL - 2013
the more recent domains of happiness economics, the comparative approach by Amartya Sen, and the theory of fair allocation …
Persistent link: https://www.econbiz.de/10010821112
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Governing structural change and externalities in agriculture: toward a normative institutional economics of rural development
Petrick, Martin - Leibniz-Institut für Agrarentwicklung in … - 2004
The paper aims at a conceptual contribution to the normative economic analysis of rural de-velopment (RD) policies. RD is regarded as a problem of interaction between individuals; (lacking) structural change or the (missing) integration of externalities are therefore recon-structed as...
Persistent link: https://www.econbiz.de/10008526818
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Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets
Ananchotikul, Nasha; Zhang, Longmei - International Monetary Fund (IMF) - 2014
In recent years, portfolio flows to emerging markets have become increasingly large and volatile. Using weekly portfolio fund flows data, the paper finds that their short-run dynamics are driven mostly by global “push†factors. To what extent do these cross-border flows and global risk...
Persistent link: https://www.econbiz.de/10011123837
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Econometric Models for Oil Price Forecasting: A Critical Survey
Frey, Giliola; Manera, Matteo; Markandya, Anil; Scarpa, … - In: CESifo Forum 10 (2009) 1, pp. 29-44
Persistent link: https://www.econbiz.de/10005013101
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The Economics of Natural Disasters
Hallegatte, Stéphane; Przyluski, Valentin - In: CESifo Forum 11 (2010) 2, pp. 14-24
Persistent link: https://www.econbiz.de/10008500611
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Price – Earnings Ratio for the Lima Stock Exchange: Issues and Applications
Pereda, Javier - In: Journal of Economics, Finance and Administrative Science 17 (2012) 32, pp. 41-52
In this paper we construct a methodology to calculate the price-earnings ratio (PER) of the General Index of the Lima StockExchange (IGBVL) for the period 1995-2011 following Shiller (2005). Results show that equity prices, in the analyzedperiod, basically responded to the expected evolution of...
Persistent link: https://www.econbiz.de/10010991551