Showing 1 - 6 of 6
Behind the veil of ignorance, a policy maker ranks combinations of game forms and information about how players interact within the game forms. The paper presents axioms on the preferences of the policy maker that are necessary and sufficient for the policy maker's preferences to be represented...
Persistent link: https://www.econbiz.de/10015236027
Advances in behavioral economics have made decision theoretic models increasingly complex. Utility models incorporating insights from psychology often lack additive separability, a major obstacle for decision theoretic axiomatizations. We address this challenge by providing a representation...
Persistent link: https://www.econbiz.de/10015257229
This paper provides a representation theorem for procedural mixture spaces. Procedural mixture spaces are mixture spaces in which it is not necessarily true that a mixture of two identical elements yields the same element. Under the remaining standard assumptions of mixture spaces, the following...
Persistent link: https://www.econbiz.de/10015263294
Advances in behavioral economics have made decision theoretic models increasingly complex. Utility models incorporating insights from psychology often lack additive separability, a major obstacle for decision theoretic axiomatizations. We address this challenge by providing representation...
Persistent link: https://www.econbiz.de/10015255533
We develop a two-region model where the decentralized provision of spillover goods and other public expenditures is financed by means of user fees. We show that a decentralized solution tends to be inefficient. If the regional spillover goods are substitutes, user fees tend to be inefficiently...
Persistent link: https://www.econbiz.de/10011425261
The paper analyzes the strategic effects of decentralized user-fee and enforcement policies for the financing of interregional spillover goods. We derive the equilibrium pricing and enforcement rules for a n-region economy.We show that under mild conditions on the pattern of substitution between...
Persistent link: https://www.econbiz.de/10011425576