We consider voting rules on a multidimensional policy space for a continuum of voters with elliptic preferences. Assuming continuity, y-strategy-proofness - meaning that coalitions of size smaller or equal to a small number y cannot manipulate - and unanimity, we show that such rules are...

Following prospect theory we consider decision making under risk in which the decision maker''s preferences depend on a reference outcome. An outcome below this reference outcome is regarded as resulting from a loss: a loss decreases the decision maker''s basic utility more than a comparable...

Impossibility theorems for preference correspondences based on a new monotonicity concept arediscussed. Here monotonicity means that if preferences update in such a way that they get closerto an outcome then at the new situation this outcome remains chosen. Strong monotonicity requiresfurther...

We present new evidence on the causal impact of education on crime, by considering a largeexpansion of the UK post-compulsory education system that occurred in the late 1980s and early1990s. The education expansion raised education levels across the whole education distributionand, in particular...

We provide epistemic conditions for Nash equilibrium, which are considerably weaker than thestandard ones by Aumann and Brandenburger (1995). Indeed, we simultaneously replace commonknowledge of conjectures and mutual knowledge of rationality with strictly weaker epistemicconditions of pairwise...

During large sporting events criminal behaviour may be affected via three main channels: (i) fan concentration, (ii) self incapacitation, and (iii) police displacement. In this paper I exploit information on football (soccer) matches for nine London teams linked to detailed recorded crime data...

With the development of real-time databases, N vintages are available for T observations instead of a single realization of the time series process. Although the use of panel unit root tests with the aim to gain in efficiency seems obvious, empirical and simulation results shown in this paper...

We present a general equilibrium model of the new neoclassical synthesis that has the same levelof generality as the Arrow-Debreu model. This involves a stochastic multi-period economy with amonetary sector and sticky commodity prices. We formulate the notion of a sticky price equilibriumwhere...

Empirical literature and related legal practice using concentration as a proxy for competition measurement are prone to a fallacy of division, as concentration measures are appropriate for perfect competition and perfect collusion but not intermediate levels of competition. Extending the classic...

This paper analyzes the relationship between cognitive skills, measured at age 12, and earnings ofmales and females at the age of 35, conditional on their attained educational level. Employing alarge data set that combines a longitudinal school cohort survey with income data from Dutchnational...