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Behavioral and Experimental Economics Do Inform Public Policy

Riedl, Arno - In: FinanzArchiv: Public Finance Analysis 66 (2010) 1, pp. 65-95

Experimental and behavioral economics are well-established branches of economic science. This essay presents and discusses some results and behavioral regularities from these fields, which are of potential and actual importance for public policy. After a brief introduction to what experimental...

Persistent link: https://www.econbiz.de/10010625727

Institutions

North, Douglass C. - In: Journal of Economic Perspectives 5 (1991) 1, pp. 97-112

Institutions are the humanly devised constraints that structure political, economic, and social interaction. They consist of both informal constraints (sanctions, taboos, customs, traditions, and codes of conduct), and formal rules (constitutions, laws, property rights). Throughout history,...

Persistent link: https://www.econbiz.de/10005819915

On Robust Constitution Design

Auriol, Emmanuelle; Gary-Bobo, Robert J. - C.E.P.R. Discussion Papers - 2002

We study a class of representation mechanisms, based on reports made by a random subset of agents, called representatives, in a collective choice problem with quasi-linear utilities. We do not assume the existence of a common prior probability describing the distribution of preference types. In...

Persistent link: https://www.econbiz.de/10005504542

Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...

Persistent link: https://www.econbiz.de/10014023678

Tail universalities in rank distributions as an algebraic problem: The beta-like function

Naumis, G.G.; Cocho, G. - In: Physica A: Statistical Mechanics and its Applications 387 (2008) 1, pp. 84-96

Although power laws of the Zipf type have been used by many workers to fit rank distributions in different fields like in economy, geophysics, genetics, soft-matter, networks, etc. these fits usually fail at the tail. Some distributions have been proposed to solve the problem, but unfortunately...

Persistent link: https://www.econbiz.de/10010872770

Universality in the tail of musical note rank distribution

Beltrán del Río, M.; Cocho, G.; Naumis, G.G. - In: Physica A: Statistical Mechanics and its Applications 387 (2008) 22, pp. 5552-5560

Although power laws have been used to fit rank distributions in many different contexts, they usually fail at the tails. Languages as sequences of symbols have been a popular subject for ranking distributions, and for this purpose, music can be treated as such. Here we show that more than 1800...

Persistent link: https://www.econbiz.de/10011060583

Opportunity advantage between income distributions

Herrero Blanco, Carmen; Villar, Antonio - In: Journal of economic inequality 19 (2021) 4, pp. 785-799

Persistent link: https://www.econbiz.de/10012792365

Questioning worth: selling out in the music industry

Bridson, Kerrie; Evans, Jody; Varman, Rohit; Volkov, Michael - In: European Journal of Marketing 51 (2017) 9/10, pp. 1650-1668

Purpose This study aims to illuminate the way in which consumers question the authenticity and worth of musicians … of worth that is under-examined in existing literature, by drawing upon French pragmatic sociology with specific … attention to convention theory to understand conflicting interpretations of worth. Design/methodology/approach The …

Persistent link: https://www.econbiz.de/10014723961

Understanding Knowledge Management Spectrum for SMEs in Global Scenario

Baporikar, Neeta - In: International Journal of Social and Organizational … 5 (2016) 1, pp. 1-15

understanding KM spectrum for SMEs in a globalized world and for SMEs to reckon that success and worth of businesses depend more on …

Persistent link: https://www.econbiz.de/10012047963

Event evaluation: definitions, concepts and a state of the art review

Brown, Steve; Getz, Donald; Pettersson, Robert; … - In: International Journal of Event and Festival Management 6 (2015) 2, pp. 135-157

on evaluating the worth of events has been minimal, while those on the evaluation of various management and marketing …

Persistent link: https://www.econbiz.de/10014771013