A decision maker is presented with two preference orders over n objects and chooses the one which is “closer” to his own preference order. We consider several plausible comparison rules that the decision maker might employ. We show that when n is large and the pair of orders to be compared...

International trade policy analysis has tended to focus on the production side of general equilibrium, with policies such as a tariff or carbon tax affecting international and internal income distributions through a Heckscher-Ohlin nexus of factor intensities and factor endowments. Here I move...

In this paper, we explore how asset pricing reflects public perceptions of earthquake risk using officially appraised prices of land situated along the Uemachi fault, lying along a north-south axis in the east of Osaka prefecture in Japan. We find that active fault risk has been included...

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In a preceding paper, we proved the discrete compactness properties of Rellich type for some 2D discontinuous Galerkin finite element methods (DGFEM), that is, the strong L2 convergence of some subfamily of finite element functions bounded in an H1-like mesh-dependent norm. In this note, we will...

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This study is the first attempt to estimate the determinants of the operational efficiency and total factor productivity (TFP) change of major financial institutions in Cambodia during the period 2006 to 2013. The technical efficiency score and the TFP change were measured using conventional...

We consider the formation and long-run stability of cooperative groups in a social dilemma situation where the pursuit of individual interests conicts with the maximization of social welfare. The adaptive play model of Young (1993) is applied to a group formation game where voluntary...