Behavior, whose help we gratefully acknowledge. † University of Oxford, Department of Economics, Manor Road Building, Manor … his pioneering work, Coase (1972) studies the consequences of rational expectations for market power. He argues that … goods monopolies originating from the work of Coase (1972), in which he hypothesizes that rational expectations will force …

participants at the GPRG workshop, St. Antony�s College, Oxford, and seminar participants at the Wellbeing in Developing Countries … (WeD) Research Group at Bath University, we would like to thank Alan Krueger, Allister McGregor, Wendi Olsen and John … support of the Economic and Social Research Council (ESRC) is gratefully acknowledged. The work was part of the programme of …

participants at the GPRG workshop, St. Antony�s College, Oxford, and seminar participants at the Wellbeing in Developing Countries … (WeD) Research Group at Bath University, we would like to thank Alan Krueger, Allister McGregor, Wendi Olsen and John … support of the Economic and Social Research Council (ESRC) is gratefully acknowledged. The work was part of the programme of …

participants at the GPRG workshop, St. Antony�s College, Oxford, and seminar participants at the Wellbeing in Developing Countries … (WeD) Research Group at Bath University, we would like to thank Alan Krueger, Allister McGregor, Wendi Olsen and John … support of the Economic and Social Research Council (ESRC) is gratefully acknowledged. The work was part of the programme of …

axiomatic foundations of the agent’s behavior. 1Introduction Agency theory admits alternative formulations, including the state … have to choose between building his hut on a ‡ood plane or on high grounds and thereby, at a cost, a¤ect the consequences … maker might delimit the relevant state- space. This approach is at variance with most formulations of subjective ex- pected …

Pilipinas Quising are economics officers at the Macroeconomics and Finance Research Division, Economics and Research Department …, Asian Development Bank. Xin-Hua He is research fellow, and Rui Liu and Shi-Guo Liu are assistant research fellows at the … instance, over 80% of the agricultural products and most industrial products have been trading at market prices since 1993 (see …

effectively began with the famous work of Kenneth Arrow in 1951, with the domain of interest being the set of preference rankings … characterize the median function, we study these t-median functions and observe strikingly different behavior. In Section 2, some … contains a somewhat surprising impossibility result and Section 5 focuses on the consistency of Mt. A consequence of our work …

effectively began with the famous work of Kenneth Arrow in 1951, with the domain of interest being the set of preference rankings … characterize the median function, we study these t-median functions and observe strikingly different behavior. In Section 2, some … contains a somewhat surprising impossibility result and Section 5 focuses on the consistency of Mt. A consequence of our work …

taxation, given this type of separability. It is clear from their work that distributional weights should then be applied. One … WTP 7A sufficient (but not necessary) condition for this is that leisure is a normal (or at least non- inferior) good for … poor, through changed income taxes, would increase social welfare if the poor would receive at least the fraction , where e …

taxation, given this type of separability. It is clear from their work that distributional weights should then be applied. One … WTP 7A sufficient (but not necessary) condition for this is that leisure is a normal (or at least non- inferior) good for … poor, through changed income taxes, would increase social welfare if the poor would receive at least the fraction , where e …