The average voting procedure reflects the weighted average of expressed opinions in [0,1]. Participants typically behave strategically. We evaluate the discrepancy between the average taste and the average vote. If the population is sufficiently large, it is possible to construct approximations...

Die Abhandlung zeigt Entscheidungkomponenten für die Festsetzung von Preisen und Strategien zur Markterhaltung und -ausweitung sowie die erforderlichen Kalkulationsgrundlagen

The literature associated with system modeling and decision-making falls short in automating policy formation for correlated multiple-policy multiple-objective (MPMO) processes. Enthused by the effectiveness of multivariable control theory, this paper proposes the implementation of a...

The importance of achieving optimality or near optimality in supply routing is on the rise as globalization leads to scenarios in which multiple, heterogeneous and highly spatially distributed demands have to be satisfied under stringent constraints. However, there is no consensus concerning...

Creditors, banks and bank regulators should evaluate whether a borrower is likely to default. I apply several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset...

A high court has to decide whether a lawis constitutional, unconstitutional, or interpretable. The voting system is runoff. Runoff voting systems can be interpreted both, as social choice functions or as mechanisms. It is known that, for universal domains of preferences, runoff voting systems...

Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...

The apparent ubiquity of progressive taxation in advanced democracies has animated research by political economists in the past decade, but little progress has been made in modeling political equilibria over tax policy when labor supply is elastic with respect to taxation. Here, we postulate an...