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An attempt to define the discount rate in the light of the type of investment project

Foltyn-Zarychta, Monika - Volkswirtschaftliche Fakultät, … - 2010

The problem of estimating the discount rate level is a crucial issue in investment project appraisal procedure. The discount rate is strongly determined by the type of investment that sets the scope of decision criteria. The need to apply financial efficiency, economic efficiency or justice...

Persistent link: https://www.econbiz.de/10011108327

Guilt causes equal or unequal division in alternating-offer bargaining

Kohler, Stefan - Volkswirtschaftliche Fakultät, … - 2012

Parties in a bargaining situation may perceive guilt, a utility loss caused by receiving the larger share that is modeled in some social preferences. I extend Rubinstein (1982)'s solution of the open-ended alternating-offer bargaining problem for self-interested bargainers to a game with equally...

Persistent link: https://www.econbiz.de/10011108407

The rights and wrongs of intergenerational externalities

Spash, Clive L. - Volkswirtschaftliche Fakultät, … - 1992

Neither environmental economics nor environmental philosophy have adequately examined the moral implications of imposing environmental degradation and ecosystem instability upon our descendants. A neglected aspect of these problems is the supposed extent of the burden that the current generation...

Persistent link: https://www.econbiz.de/10011108487

Determinants of Peace : A Cross-Country Analysis

Kodila-Tedika, Oasis - Volkswirtschaftliche Fakultät, … - 2012

In this study, we try to discover the variables susceptible to affect the peace. To arrive there, we made resort to the analysis in cross-sectional. We find that the institutional variables are auspicious to the peace, especially the political stability. The macroeconomic variables are, on the...

Persistent link: https://www.econbiz.de/10011108502

Social norms on rent seeking and preferences for redistribution

Sabatini, Fabio; Sarracino, Francesco; Yamamura, Eiji - Volkswirtschaftliche Fakultät, … - 2014

Empirical studies have shown that preferences for redistribution are significantly correlated with expectations of future mobility and the belief that society offers equal opportunities. We add to previous research by investigating the role of individual and social norms on rent seeking. We find...

Persistent link: https://www.econbiz.de/10011108639

Inequality aversion causes equal or unequal division in alternating-offer bargaining

Kohler, Stefan - Volkswirtschaftliche Fakultät, … - 2013

patient bargainers that exhibit similar degrees of inequality aversion. Inequality-averse bargainers may perceive envy if …. If the perceived guilt is strong, then the inequality-averse bargainers split the bargaining surplus equally regardless … impact than weak guilt. Similarly inequality-averse bargainers agree on the Rubinstein division if the strength of envy …

Persistent link: https://www.econbiz.de/10011108663

Quasi-Variational Inequalities without Concavity Assumptions

Tian, Guoqiang; Zhou, Jianxin - Volkswirtschaftliche Fakultät, … - 1991

This paper generalizes a foundational quasi-variationalinequality by relaxing the (0-diagonal) concavity condition. The approach adopted in this paper is based on continuous selection-type arguments and hence it is quite different from the approach used in the literature. Thus it enables us to...

Persistent link: https://www.econbiz.de/10011108679

Una aproximación a indicadores diseñados para la medición de impacto en el bienestar del consumidor

Saavedra, Herrera; Pablo, Juan; Lis-Gutiérrez, Jenny-Paola - Volkswirtschaftliche Fakultät, … - 2012

This paper presents some theoretical foundations underlying the welfare analysis that can be established in order to quantify the impact on consumers, when an agent violates the rights of purchaser and such behavior is reflected in a price increase. This exercise allows us to conclude that if it...

Persistent link: https://www.econbiz.de/10011109080

Nobel prize for Amartya Sen: a recognition to ethical dimensions of economics

Islahi, Abdul Azim - Volkswirtschaftliche Fakultät, … - 1998

Nobel prize to Professor Amartya Sen is a recognition to value based orientation and ethical dimensions of economics, and it is this aspect that invites attention of all those who plead for the role of human values and ethics in economics.

Persistent link: https://www.econbiz.de/10011109861

Generalized KKM theorem, minimax inequalities and their applications

Tian, Guoqiang - Volkswirtschaftliche Fakultät, … - 1994

This paper extends the well-known KKM theorem and variational inequalities by relaxing the closedness of values of a correspondence and lower semicontinuity of a function. The approach adopted is based on Michael's continuous selection theorem. As applications, we provide theorems for the...

Persistent link: https://www.econbiz.de/10011109946