This paper is concerned with testing rationality restrictions using quantile regression methods. Specifically, we consider negative semidefiniteness of the Slutsky matrix, arguably the core restriction implied by utility maximization. We consider a heterogeneous population characterized by a...

This paper discusses various concepts of power. Its goal is to shed light on a better method for implementing the power concept. The case of Bulgaria's water user associations' failure shows the abuse of power by local actors who fear they will lose their influence and the private benefits that...