We axiomatize the Kalai-Smorodinsky solution (1975) in the Nash bargaining problems if the feasible sets can be finite. We show that the Kalai-Smorodinsky solution is the unique solution satisfying Continuity (in the Hausdorff topology endowed with payoffs space), Independence (which is weaker...

We consider a social choice problem in various economic environments consisting of n individuals, 4\leqn+\infty, each of which is supposed to have classical preferences. A social choice rule is a function associating with each profile of individual preferences a social preference that is assumed...

A binary relation is indifference-transitive if its symmetric part satisfies the transitivity axiom. We investigated the properties of Arrovian aggregation rules that generate acyclic and indifference-transitive social preferences. We proved that there exists unique vetoer in the rule if the...

Firms and governments often use moral suasion and economic incentives to influence intrinsic and extrinsic motivations for various economic activities. To investigate the persistence of such interventions, we randomly assigned households to moral suasion and dynamic pricing that stimulate energy...

This paper conducts a comparative discrete choice analysis to estimate consumers’ willingness to pay (WTP) for electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) on the basis of the same stated preference survey carried out in the US and Japan in 2012. We also carry out a...