This paper analyzes the dynamic properties of the current regional financing system and compares them with those of its predecessor, with special attention to the sensitivity of each to the growth of income and population and to the evolution of the age structure of the latter.

This paper provides an ‘escape route’ from the efficiency-equity trade-off in the School Choice problem. We achieve our objective by presenting a weak notion of fairness, called τ-fairness, which is always satisfied by some allocation. Then, we propose the adoption of the Student Optimal...

We derive closed-form expressions for the performance measures(PMs)based on the lower partial moments (LPMs), such as the Farinelli-Tibiletti and Kappa measures, with Gram-Charlier (GC) density for returns. It is verified that the LPMs can be obtained as a linear function on both higher...

Desde que existen las comunidades autónomas no ha cesado el debate entorno a su modelo de financiación. ¿Es una historia interminable? Es evidente que el contexto económico, político y social es cada vez más cambiante y las políticas, modelos e instrumentos tienen que ir adaptándose a...

I propose a new utility function based on the relative aversion to injustice to explain why, in classical bargaining games, classical equilibria do not hold when money is not windfall, but it is result of the effort.

This paper introduces tau-fairness as a compromise solution reconciling Pareto efficiency and equity in School Choice Problems. We show that, by considering a weak notion of equity that we refer to as lambda-equity, it is possible to contribute positively to solve an open debate, originated by...

We develop a dynamic general-equilibrium model in which growth is driven by a skill-biased technology diffusion to reproduce trends in the income inequality, and the labor and skills supplies of the United States between 1969 and 1996. We incorporate education and leisure–labor decisions, and...

A new voting rule for electing committees is described. Specifically, we use approval balloting and propose a voting procedure guaranteeing that if a committee representing (in a determined proportion) all voters exists, then the selected committee has to represent all voters at least in the...