In this paper, we examine the problem of ranking individual opportunity sets on the basis of their freedom of choice in a social setting.

We study the simultaneous dynamics of real house prices and rents in Paris during the period 1962-1994, using a recently published set of data.

The relation between rationality and optimization have been widely discussed in the wake of Herbert Simon's work, with the common conclusion that the rationality concept does not imply the optimization principle. The paper is partly concerned with adding evidence for this view but its main, more...

Following a long-standing philosophical tradition, impartiality is a distinctive and determining feature of moral judgements, especially in matters of distributive justice. This broad ethical tradition was revived in welfare economics by Vickrey, and aboce all, Harsanyi, under the form of the...

In this paper, we estimate a reliable fundamental value of the S&P index, standing for a long run target value in Error-Correcting Modelling of the dynamics of the subsequnet returns. The present Value Model suggests two fundamentals: the dividends and a discount rate factor, specified as a...

With too much disparity in opinions, minorities may question the legitimacy of majority voting and indermine the unity of the group through political violence or civil disobedience. Properties of an average vvoting rule are investigated here, with particular attention to its ability to protect...

Nous proposons un modele exploratoire des relations contractuelles entre l'Etat et les Universites. Nous considerons plus particulierement le cas d'une Universite en situation de monopole local pour la delivrance d'un diplome a caractere professionnel, faisant face a des etudiants supposes...

This note clarifies some aspects of Berheim's (1986) characterization of Nash and correlated equilibria.