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Translation invariance when utility streams are infinite and unbounded
Mabrouk, Mohamed B.R. - 2008
The axiom translation invariance consists in asserting the invariance of the ranking of two utility streams if one applies the same translation to both. This axiom is significant in the characterization of utilitarian criteria in finite dimension. This characterization is achieved thanks to the...
Persistent link: https://www.econbiz.de/10015218490
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Translation invariance when utility streams are infinite and unbounded
Mabrouk, Mohamed - 2008
The axiom translation invariance consists in asserting the invariance of the ranking of two utility streams if one applies the same translation to both. This axiom is significant in the characterization of utilitarian criteria in finite dimension. This characterization is achieved thanks to the...
Persistent link: https://www.econbiz.de/10015218995
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Wertschöpfung in der zeitgenössischen Kunst: Zur „Young German Art“
Stahl, Sebastian - 2009
The value of an artwork depends not only on the artist, even more so on the system which is adding and increasing its value. This system contains a number of institutions which are supporting the artist and his works to become established in the market, get internationally renowned and as a...
Persistent link: https://www.econbiz.de/10015225150
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The ”climate adaptation problem” in biodiversity conservation: the role of reversible conservation investments in optimal reserve design under climate change
Gerling, Charlotte; Schöttker, Oliver; Hearne, John - 2022
Climate change causes range shifts of species and habitats, thus making existing reserve networks less suitable in the future. In principle, reserve networks may be adapted to climate change in two ways: by providing additional funds and / or by allowing for the sale of sites to liquidate funds...
Persistent link: https://www.econbiz.de/10015268687
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Corruption and Disposable Risk
Dzhumashev, Ratbek - 2008
. Combined with weak enforcement and compliance, predation of corrupt bureaucrats makes private disposable income volatile. We …
Persistent link: https://www.econbiz.de/10015270263
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Protecting Against Disaster with Contracts
Sato, Hideki - 2012
Over the past 20 years, at least 267 people have been killed in one factory fire after another in the suburbs of Dhaka, Bangladesh. In a recent factory fire in Ashulia, there was no fire prevention management in place to protect human life. There are virtually no economic studies concerning...
Persistent link: https://www.econbiz.de/10015236484
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Promptness and Academic Performance
Novarese, Marco; Di Giovinazzo, Viviana - 2013
This article uses university administration data to investigate the relation between student behavior (rapid response in finalizing enrolment procedures) and academic performance. It shows how student promptness in enrolling, or lack of it, can prove a useful forecast of academic success....
Persistent link: https://www.econbiz.de/10015238696
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Life is now! Time Preferences and Crime: Aggregate Evidence from the Italian Regions
Beraldo, Sergio; Caruso, Raul; Turati, Gilberto - 2013
This paper tests the relationship between time preferences and crime rates as posited by Davis (1988), whose theoretical analysis suggests that individuals’ attitude towards the future significantly affects their propensity to commit crime. Our empirical analysis is based on a panel of Italian...
Persistent link: https://www.econbiz.de/10015238768
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Market Interdependence and Third-Degree Price Discrimination: Comment
Cebula, Richard - 1979
The purpose of this theoretical note is to develop a model of third-degree price discrimination in which the quantities sold in each market are interdependent. We demonstrate in our mathematical model that in this situation the price differential may be explained not only in terms of price...
Persistent link: https://www.econbiz.de/10015242983
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Learning-by-Doing and Contracts in New Agricultural Industries
Choiniere, Conrad Joseph - 2004
agriculture. Limited-liability contracts create an environment of moral hazard in learning investment and adverse selection in the … liability contracts realizes project scales 25-30% smaller than optimal. Learning-induced cost reductions in the production of … biomass are 20% less than predicted by engineering analyses. Limited-liability contracts raise the price paid by the principal …
Persistent link: https://www.econbiz.de/10009450932