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Voting theory has always focused on mechanism design, but this paper shows that voting theory is also a useful tool in the field of preference representation. Both the lexicographic order on n-dimensional Euclidean space and the threshold of detectable difference relation are pairwise majority...
Persistent link: https://www.econbiz.de/10005489941
In this paper, I propose a simple model in which behavior is determined by the individual's attitude towards the behavior and the attitude depends on the individual's values. The model is based on the Schwartz theory of human values, which is very prominent in social psychology. Values are...
Persistent link: https://www.econbiz.de/10011933977
-independent generalized-linear preferences over the two types of goods, covering homothetic and quasilinear preferences as two limiting cases … that the larger country is likely to benefit from trade if preferences are homothetic, whereas losses from trade are … possible if preferences are quasilinear. The opposite is true in the smaller country. This reveals an important role of …
Persistent link: https://www.econbiz.de/10012606256
Current time allocation and household production models face three major weaknesses: First, they only describe the average time allocation. Thus, information about the order of activities is lost. Therefore, it is impossible to describe the influence of activities on later ones. Such...
Persistent link: https://www.econbiz.de/10014483894
-independent generalized-linear preferences over the two types of goods, covering homothetic and quasi-homothetic preferences as two limiting … cases. Due to the specific functional forms of indirect utility, homothetic preferences lead to risk aversion, while quasi …-homothetic preferences lead to risk neutrality in our model. We show that trade between two countries that differ in their population size …
Persistent link: https://www.econbiz.de/10014497516
of evolving consumer preferences that is molded in an evolutionary paradigm. The theory allows to better assess how …
Persistent link: https://www.econbiz.de/10010286752
constraints without specifying preferences, leading to the well-known time substitution hypothesis. The second approach develops … specific hypotheses about consumer preferences and focuses on how technical change accounts for them. The two approaches are …
Persistent link: https://www.econbiz.de/10010286759
to determine the profile of vegetable consumers by highlighting their attitude and preferences. The research method used …
Persistent link: https://www.econbiz.de/10012519742
to determine the profile of vegetable consumers by highlighting their attitude and preferences. The research method used …
Persistent link: https://www.econbiz.de/10012517811
In this paper, I propose a simple model in which behavior is determined by the individual's attitude towards the behavior and the attitude depends on the individual's values. The model is based on the Schwartz theory of human values, which is very prominent in social psychology. Values are...
Persistent link: https://www.econbiz.de/10011932108