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In this brief comment, the public choice theory aims to distinguish the dilemmas and conflicts in formal and empirical. The hypothesis argues that the reality more complex than the principles of choice of Pareto and Liberalism*. Both the ethics and politics are taking decisions that are not...
Persistent link: https://www.econbiz.de/10015232322
We adopt a welfarist approach to study sequencing problems in a private information setup. The ”generalized minimum welfare bound” (GMWB) is a universal representation of all the specific bounds that have been previously studied in the literature. Every agent is offered a protection in the...
Persistent link: https://www.econbiz.de/10015240385
We identify the complete class of transfer rules that guarantee strategyproofness of any non-increasing in completion time allocation rule for the sequencing problem. We then characterize the class of mechanisms satisfying efficiency of decision (or aggregate cost minimization), egalitarian...
Persistent link: https://www.econbiz.de/10015242010
Some finite and symmetric two-player games have no (pure or mixed) symmetric Nash equilibrium when played by partly morally motivated players. The reason is that the "right thing to do" may be not to randomize. We analyze this issue both under complete information between equally moral players...
Persistent link: https://www.econbiz.de/10015261858
We estimate the relationship between international youth and professional tennis rankings. We find no difference between the predictiveness of rankings from age 14 & Under versus age 16 & Under competitions. The most persistent predictor of professional success is beating older top ranked...
Persistent link: https://www.econbiz.de/10015242123
consumes over time. Addiction, however, is documentedas one of numerous anomalies that the standard theory fails to explain …. The modelsof habit-forming and compulsive consumptions have been suggested as the economicways to analyze addiction. The …, inconsequence, leads to addiction. In particular, I show that the model of habit-formationcan be easily modified to describe …
Persistent link: https://www.econbiz.de/10009458905
This paper investigates the impact of prolonged social distancing on generosity by analyzing the responses of 1255 US citizens to dictator games spread out over eight weeks of the early stages of the COVID-19 pandemic. Despite the isolation and the negative effects on employment and household...
Persistent link: https://www.econbiz.de/10015214006
This paper investigates the impact of prolonged social distancing on generosity by analyzing the responses of 1255 US citizens to dictator games spread out over eight weeks of the early stages of the COVID-19 pandemic. Despite the isolation and the negative effects on employment and household...
Persistent link: https://www.econbiz.de/10015217288
This paper investigates the impact of prolonged social distancing on generosity by analyzing the responses of 1255 US citizens to dictator games spread out over eight weeks of the early stages of the COVID-19 pandemic. Despite the isolation and the negative effects on employment and household...
Persistent link: https://www.econbiz.de/10015222812
This paper investigates the impact of a negative socioeconomic shock on generosity by analysing the responses of 1255 US citizens to dictator games spread out over eight weeks of the early stages of the COVID-19 pandemic. Each respondent plays four dictator games corresponding to four different...
Persistent link: https://www.econbiz.de/10015227158