This paper discusses both social welfare and social choice using Arrow’s impossibility theorem for multi-profile preference case and two versions of it for single-profile preference case. Between these two versions first one assumes a two-individual society and the second one, which is similar...

Mathematical Economics is closely related with Social Choice Theory. In this paper, an attempt has been made to show this relation by introducing utility functions, preference relations and Arrow’s impossibility theorem with easier mathematical calculations. The paper begins with some...

In developing countries, remittances and intra-family private transfers sent by household members who migrate to more developed countries constitute a fundamental source of income and capital accumulation. Then, it is important to understand the motives of migrants who decide to remit back to...

In this paper we present a model of economic growth where agents are characterized by social status concern behaviour. With respect to the literature, we show that social status seeking is not always desirable for economic growth. Specially, we prove that the impact of status seeking on growth...

This article deals with the role of labor unions in the privatization movement for developing countries. We consider the case of a public monopoly whose workers are members of a trade union and examine the consequences of its privatization. When the trade union and the rm bargain over the level...

This purpose of our paper is to explores the consequences of uncertainty on the remittances.These transfers are sent by a diaspora of emigrants who are motivated by altruism rather than pure self-interest. Migrants are assumed to care about the consumption of home-resident family members as well...

This paper discusses the long-term financial lease contracts with lease evaluation. Here a comparatively simple and straightforward solution of neutralizing the risk of lease financing is explained. The lease is a contract between the owner and the user of assets for a certain period during...

The main purpose of this paper is to study the economic behavior of migrants under uncertainty . We show , in particular, that the impact of the probability of return remains ambiguous regarding both the savings and labor participation of the migrants , this theoritical finding seems to...

In this paper, we examine the old-age security hypothesis according to which parents rear children because they expect the latter to care for them in their later years. In developing countries where there are no perfect capital markets, children are usually viewed as a potential source of income...

We analyze a situation where an antitrust authority delegates to an audit inspector the mission of gathering the sufficient information to condemn a cartel. The authority has two instruments at her disposal: rewarding the inspector with a proportion of the collected fine or providing him with...