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Welfare, preferences and the reconstruction of desires

Holler, Manfred Joseph - In: International Journal of Social Economics 42 (2015) 5, pp. 447-458

Purpose – The purpose of this paper is to propose a model that relates the desire for justice with welfare. Design/methodology/approach – The point of departure, elaborated in the first part of the paper, is the observation that we have no sense-organs for experiencing welfare and the...

Persistent link: https://www.econbiz.de/10014807086

The effect mechanism of credit constraint on cycle's formation

Chen, Kunting; Zhong, Changbiao - In: China Finance Review International 1 (2011) 4, pp. 408-424

Purpose – This paper aims to study the formation and amplification mechanism of the financial crisis and business cycle and also discuss the related optimal rules for the central bank and government. Design/methodology/approach – This study is developed basically on a simple financial...

Persistent link: https://www.econbiz.de/10014694464

Characterizing the Amount and Speed of Discounting Procedures

Jamison, Dean T.; Jamison, Julian - In: Journal of Benefit-Cost Analysis 2 (2011) 2

This paper introduces the concepts of amount and speed of a discounting procedure in order to generate well-characterized families of procedures for use in social project evaluation. Exponential discounting sequesters the concepts of amount and speed into a single parameter that needs to be...

Persistent link: https://www.econbiz.de/10014601577

Comment on Burgess and Zerbe: On Bank Market Power and the Social Discount Rate

Johansson, Per-Olov; Kriström, Bengt - In: Journal of Benefit-Cost Analysis 2 (2011) 3

In this note we discuss how to estimate the social discount rate when banks have market power. Some data from Sweden are used to illustrate the approach. If other investments are crowded out, the implied social discount rate is around 7 percent, i.e. more or less equal to the one suggested by...

Persistent link: https://www.econbiz.de/10014601592

Intergenerational equity and social discount rates: what have we learned over recent decades?

Roche, Julian - In: International Journal of Social Economics 43 (2016) 12, pp. 1539-1556

Purpose The purpose of this paper is to examine what the significant contributions to the intergenerational equity and social discount rate (SDR) literature have been over recent decades and presents what policy progress has been made as a result. Design/methodology/approach The approach has...

Persistent link: https://www.econbiz.de/10014807510

The effects of applying alternative discounting methods on the economic feasibility test of Free Trade Zone development project

Kyum Kim, Sang - In: Journal of Korea Trade 21 (2017) 1, pp. 69-82

Purpose The purpose of this paper is to examine the applicability of the alternative way of discounting, such as the hyperbolic discount method, for the economic feasibility test on Free Trade Zone development project that needs intergenerational analysis. Design/methodology/approach To analyze...

Persistent link: https://www.econbiz.de/10014881377

Multi-Feature Optimization of WEDM for Ti-6Al-4V by Applying a Hybrid Approach of Utility Theory Integrated With the Principal Component Analysis

Sonawane, Sachin Ashok; Kulkarni, M.L. - In: International Journal of Materials Forming and … 5 (2018) 1, pp. 32-51

In this study, multi-feature optimization is performed using a hybrid approach of utility theory (UT) combined with the … cable tension on surface roughness (SR), overcut and metal removal rate (MRR). The utility concept is employed to turn the …

Persistent link: https://www.econbiz.de/10012046562

Invariance assumptions among the UK property professionals' decision making

Ye, Xu; Dent, Peter R. - In: Journal of European Real Estate Research 2 (2009) 1, pp. 56-68

Purpose – Traditional finance theory have developed on the basis of expected utility theory and assumes that investors … assumptions on which expected utility theory are based. However, existing studies on this matter have mainly focused on capital … samples, this paper aims to explore the reliability of the invariance assumption of people's behaviour under expected utility …

Persistent link: https://www.econbiz.de/10014862625

Failure mode and effects analysis based on fuzzy utility cost estimation

Dong, Chensong - In: International Journal of Quality & Reliability Management 24 (2007) 9, pp. 958-971

presented in this paper is based on the fuzzy utility theory. It uses utility theory and fuzzy membership functions for the … assessment of severity, occurrence, and detection. The utility theory accounts for the nonlinear relationship between the cost …

Persistent link: https://www.econbiz.de/10014800452

The development and testing of a nonconsequentialist decision‐making model

Elaydi, Raed - In: International Journal of Organizational Analysis 14 (2006) 1, pp. 43-66

support for a decision‐making model, which serves an alternative to expected utility theory. Design …

Persistent link: https://www.econbiz.de/10014787117