This paper aims at studying, in the image space, an approximation of a vector optimization problem obtained by substituting the involved functions with their G-derivatives. It is shown that, under the hypothesis of G-differentiability, the existence of a semistationary point is equivalent to the...

The problem of taking into account the quality attributes of different goods has a long tradition in economics A strand of literature deals with the environmental impacts in the measurement of efficiency and productivity growth. Färe et al. (1989) indeed started what has become now a relatively...

In this paper, we focus on a specific component of economically rel- evant trust, i.e. on what we call `institutionally produced generalized trust', defined as the amount of widespread trust (which is a public good for the economic system as a whole) endogenously and continuously gen- erated by...

Since (at least) Ricardo, international trade has been perceived as a positive-sum-gain – any partner involved in the international activity of exchange would be at the end better off, no matter how bad was its previous economic position. The Ricardian principle of comparative advantages...

We investigate intertemporal dominance conditions for comparisons of finite unidimensional streams of outcomes in discrete time. We follow Ekern's [1981, Time dominance efficiency analysis. Journal of Finance, 36, pp.1023-1034] approach based on unanimous net present value comparisons for...

Recently there has been a growing interest in the empirical association between income inequality and social mobility. Little is known on the normative nexus between both notions, however. In this paper, we axiomatically characterize a family of multiperiod social evaluation functions that...

We introduce an axiomatic framework to analyze the perception of inequality across distributions with different total income. The main result is the characterization of a new two parameters generalized version of the inequality equivalence criterion (IEC), the Flexible IEC (FIE). This criterion...