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We study certain classes of supermodular and submodular games which are symmetric with respect to material payoffs but in which not all players seek to maximize their material payoofs. Specially, a subset of players have negatively interdependent preferences and care not only about their own...
Persistent link: https://www.econbiz.de/10005605730
We axiomatically investigate the problem of rationalizing bargaining solutions by social welfare functions that are linear in every rank-ordered subset of Rn+. Such functions, the so-called Choquet integrals, have been widely used in the theories of collective and individual choice. We refer to...
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A standard assumption in the economic approach to individual decision making is that people have independent preferences. We study equilibria of the classic common pool resource extraction and public good games when some of the players have negatively interdependent preferences while the...
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Head Start is a comprehensive, early childhood development program designed to augment the human capital and health capital levels of disadvantaged children. Grossman's (1972) health capital model suggests that early investments of this type should have lasting effects on health outcomes. This...
Persistent link: https://www.econbiz.de/10005459257
A Unified Approach to Measuring Poverty and Inequality: Theory and Practice is an introduction to the theory and practice of measuring poverty and inequality, as well as a user's guide for analyzing income or consumption distribution for any standard household dataset using the World Bank's...
Persistent link: https://www.econbiz.de/10010828925
This paper proposes a new methodology for multidimensional poverty measurement consisting of an identification method ρk that extends the traditional intersection and union approaches, and a class of poverty measures Mα. Our identification step employs two forms of cutoff: one within each...
Persistent link: https://www.econbiz.de/10011056110