We analyse the capacity of a range of different learning rules to describe actual human behaviour in the experiment on expectation formation in a cobweb model conducted by Hommes et al. (2000). We find indication of a relative superiority in terms of descriptive capacity of forms of generalised...

We analyse for which natural n there exist in G=A_n,S_n two proper subgroups H,K such that G is the union of the G-conjugacy classes of H and K.

This paper examines Jacob Viner’s contribution to the debate and the policy decision making concerning international monetary policy from the Great Depression to the Bretton Woods agreements. An outstanding member of the so called “early Chicago School of Political Economy”, Viner was...

We prove a sharp three sphere inequality for solutions to third order perturbations of a product of two second order elliptic operators with real coefficients. Then we derive various kinds of quantitative estimates of unique continuation for the anisotropic plate equation. Among these, we prove...

We analyse how state university competition to collect resources may a¤ect both the quality of teaching and research. By considering a set-up where two state universities behave strategically, we model their interaction with potential students as a sequential noncooperative game. We show that...

This paper derives the implications for migrants’ self-selection in unobservables that arise from the introduction of uncertainty in the decision problem that would-be migrants face. We show that if one lifts the assumption introduced in Borjas (1987) that foreign wages are known before the...

This paper is about a procurement auction setting, introduced in Gal-Or, Gal-Or and Dukes (2007), in which suppliers offer differentiated products and the buyer needs to decide whether to reveal or not to the suppliers the own preferences for the various products. We provide some technical...

This paper deals with one of the central debates in the recent literature of political economy: the cause-effect relationship between capitalist development and liberal democracy. It is divided into two sections. In the first part, we break away from the idea that democracy can rise anywhere....

Sen’s 'chooser dependence' of preferences generates issues of indexicality which, we claim, can in fact be reduced to a specification of the content of preferences within a standard approach, by means of Lewis’ theory of attitudes de se. While context sensitivity of preferences can be dealt...

Economic growth is recognized as necessary condition for poverty alleviation, while poverty is expected to be a cause of environmental depletion. Under this perspective, pro-growth policies are consistent with objective of poverty reduction and of environmental sustainability. This work raises...