The question addressed in this paper is the order of magnitude of the difference between the Borda rule and any given social choice function. In this paper, a simple measure of the difference between the Borda rule and any given social choice function is proposed. It is given by the ratio of the...

Dans cette etude, nous nous attacherons au probleme de l'Inde, detentrice du triste record du nombre d'enfants au travail. Ce sujet tres vaste a deja ete etudie par un grand nombre d'auteurs mais rares sont ceux qui se sont specifiquement attaches a la source du probleme, c'est-a-dire aux...

Asset trading resolves coordination problems in most currently existing models of coordination failure. We argue that a principal limitation of these models is their ignoring idiosyncratic and aggregate uncertainty in investment returns. We introduce such uncertainty in a standard model of...

The purpose of this paper is to understand the rationale and to assess the viability of pooling mechanisms in the specific context of a common property resource, a coastal fishery in Japan. The authors also want to probe into the reasons why some groups (in fact, a minority) opt for pooling...