Showing 1 - 10 of 9,624
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
The ability of public sector policy makers to prioritize has a huge impact on the effectiveness of public service provision. Public services can take the form of final outputs demanded by consumers or of intermediate outputs contributing to a process of realizing the higher goals of society. In...
Persistent link: https://www.econbiz.de/10011585156
In the public sector, using incentives as a motivational tool is more constrained than in the private sector, and a lack of promotion incentives may dampen morale, performance, and talent retention. I study how bureaucrats' on-the-job performance and career decisions respond to changes in...
Persistent link: https://www.econbiz.de/10013293642
This Article is a first-of-its-kind application of public choice theory to recently developing theories of virtue jurisprudence. Particularly, this Article focuses on not-yet-developed theories of aretaic (or virtue-centered) legislation. This Article speculates what the contours of such...
Persistent link: https://www.econbiz.de/10014147157
Background When pairwise comparisons are used to express preferences for alternatives or judgments on criteria's importance, several methods can be used to derive priorities in multi-criteria decision-making. In the case of inconsistency, different methods give different results. Objectives The...
Persistent link: https://www.econbiz.de/10015108402
this paper is that the Dutch Court's approach runs afoul of basic copyright principles. Protecting scents instead would be … relatively novel, but hardly radical, and necessary adaptations to copyright law would be modest. The paper nevertheless … concludes that, lacking evidence of need, judges should not be quick to expand copyright law and should await legislative action …
Persistent link: https://www.econbiz.de/10014070308
Modern copyright law is based on the inescapable assumption that users, given the choice, will free-ride rather than …-riders suggests that current policy approaches to copyright are fundamentally flawed. Because social norms are so important in … consumer motivations, the perceived unfairness of the current copyright system undermines the willingness of people to pay for …
Persistent link: https://www.econbiz.de/10013045564
A framework is proposed for situating social simulation models relative to one another and to abstract and applications … overarching theory for the social simulation community …
Persistent link: https://www.econbiz.de/10014206501
-consuming simulations. These simulations often contain simulation-model errors in the output variables. In the construction of meta …-models, these errors are often ignored. Simulation-model errors may be magnified by the meta-model. Therefore, in this paper, we … study the construction of Kriging models that are robust with respect to simulation-model errors. We introduce a robustness …
Persistent link: https://www.econbiz.de/10014224357
In this paper we introduce a new algorithm for American Monte Carlo that can be used either for American-style options, callable structured products or for computing counterparty credit risk (e.g. CVA or PFE computation). Leveraging least squares regressions, the main novel feature of our...
Persistent link: https://www.econbiz.de/10013055824