We compare various kinds of independence tests on samples with random size, in order to provide practitioners with some guidance for their choice based on approximate Bahadur efficiency. Such results are obtained for a wide class of distributions of random index; the efficiency slopes of the...

In 1970 only one percent of American housing units were located in a homeowner association, condominium or cooperative - the three main instruments of collective private ownership of housing. By 1998, this figure had risen to 15 percent. In major metropolitan areas, 50 percent of new housing...

A substantial body of empirical evidence shows that individuals overweight extreme events and act in conflict with the expected utility theory. These findings were the primary motivation behind the development of the rank-dependent utility theory. The purpose of this paper is to demonstrate that...

There can be little doubt that Rational Choice Theory (RCT) - with its emphasis on the 'instrumentally rational' individual as the foundation of the political process - has significantly enhanced the scope of political science. This paper details many of the areas of political science in which...

We examine Harold Demsetz’s (1967) prediction that property rights will emerge and be refined once the benefits of doing so exceed the costs. We follow the development of property rights to oil and gas deposits in the United States to test this prediction. The pattern of development has been...

In this paper the rank-dependent expected utility theory is substituted for the expected utility theory in models of tax evasion. It is demonstrated that the comparative statics results of the expected utility, portfolio choice model of tax evasion carry over to the more general rank dependent...

Previous works applying hedonic price technique to determine the formation of auction prices of objects of art have found no conclusive result about the impact of auction houses on final prices. In these studies the object of art has been the unit, and influence of auction houses is analysed by...

The RAINS model is used to calculate cost minimising abatement policies subject to European-wide spatial restrictions on pollution. The principle for choosing environmental targets for the 1994 Oslo Protocol was closing a gap between benchmark- and critical loads for each grid with a uniform...

In the late-nineteenth and early-twentieth centuries, California agriculture underwent a fundamental transformation as the state's farmers shifted from the production of wheat to a rich variety of tree, vine, and row crops. This transformation required a wholesale shift in the production...

This paper proposes a general measure of the effective number of parties, based on the family of generalized entropy inequality indices. This measure encompasses existing measures in the sense that these can be derived, through an appropriate configuration of parameter values, from this general...