Showing 1 - 10 of 28
This paper provides a general framework for a unifying treatment of stochastic dominance of any degree and of any type (direct or inverse for each final or intermediary level). It gives the conditions for the congruence between stochastic dominance and classes of utility functions in this...
Persistent link: https://www.econbiz.de/10010821246
Information and Risk in the Medieval Doctrine of Usury during the Thirteenth Century
Persistent link: https://www.econbiz.de/10010898670
The few pages that Adam Smith devoted to lotteries, mainly in the Wealth of Nations (1776) did not receive much attention. They nonetheless constituted an opportunity to introduce a sophisticated analysis of individual decision under risk. Through various examples, Smith pointed out a...
Persistent link: https://www.econbiz.de/10010899316
<title>Abstract</title> The purpose of this paper is to introduce explicitly pleasure and belief in what aims at being a Humean theory of decision, like the one developed in Diaye and Lapidus (2005a). Although we support the idea that Hume was in some way a hedonist -- evidently different from Bentham's or...
Persistent link: https://www.econbiz.de/10010975960
Persistent link: https://www.econbiz.de/10010575015
Based on Hume's major philosophical works and on some of his Essays, this paper discusses formally the feasibility, from a Humean point of view, of a welfare policy which would aim at promoting the highest individual happiness whereas individual decisions, like individual happiness, are...
Persistent link: https://www.econbiz.de/10009226838
[fre] L'objet de cet article est de faire apparaître la singularité des liens qui unissent l'histoire de la pensée économique et la théorie économique. Une première partie met en évidence ce qui est susceptible d'expliquer la pérennité de la recherche historique. L'accent se trouve...
Persistent link: https://www.econbiz.de/10008621165
[fre] La raison du protectionnisme. Politique budgétaire et contrainte extérieure *. . L'objectif de cet article est d'évaluer les conceptions néo-protectionnistes développées par la Nouvelle École de Cambridge. Une première section étudie, dans le cadre d'un modèle à n pays, le rôle...
Persistent link: https://www.econbiz.de/10008621367
[fre] Utilisant le cadre formel d'un modèle « néo-keynésien » élémentaire, cet article met en évidence une assymétrie, dans les effets sur l'emploi et la répartition, de variations de même sens intéressant les salaires nominaux et l'investissement. On montre en particulier que, pour...
Persistent link: https://www.econbiz.de/10008621615
Persistent link: https://www.econbiz.de/10008623207