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As is known, there is no rule satisfying Adittivity on the complete domain of bankruptcy problems. This paper explores some Partial-Adittivity properties in this context. We determine that Adittivity restricted to bankruptcy problems which in some way keep the conflictivity of the creditors'...
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This paper develops a general equilibrium model of the gender wage gap. The difference in earnings is a consequence of a demographic regularity--that men tend to marry younger women--which limits women's labor mobility. However, couples are always free not to marry, and do so only if it is in...
Persistent link: https://www.econbiz.de/10014046260
An input-output model with non-constant returns to scale and externalities is presented, and it is shown that in this model the non-substitution theorem is still valid. More precisely, the quantity side of the theorem, i.e. the proposition on efficiency, remains valid, while there can be no...
Persistent link: https://www.econbiz.de/10014067436
In 1950, Nash's seminal paper introduced the axiomatic approach to the analysis of bargaining situations. Since then, many bargaining solutions have appeared and been axiomatically analyzed. The fact that agents, when face a bargaining problem, can come up with different solution concepts (that...
Persistent link: https://www.econbiz.de/10010991670
The consequences that educational underperforming has on both individuals and the society as a whole lead policy makers and planners to focus on how to measure properly the extent of educational poverty. The main aim of this paper is to propose a multidimensional adjusted poverty index (α-MAPI)...
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The present paper aims to explore the perception of fairness in conflicting claims problems (O'Neill in Math Soc Sci 2(4):345-371, 1982). To do so, we present a questionnaire given to a large heterogeneous group of people (students, employees, retirees). Distributive justice criteria are studied...
Persistent link: https://www.econbiz.de/10013459967