Showing 1 - 10 of 25
We provide a characterization of selection correspondences in two-person exchange economies that can be core rationalized in the sens that there exists a preference profil with some standard properties that generates the observed choices as the set core elements of the economy for any given...
Persistent link: https://www.econbiz.de/10005545592
The process through which economic policy is conceived and decided cannot be simply described as the optimisation of a well-defined loss function s ubject to the constraints provided by a model of the economy. Even egnoring the forbidding difficulties of eliciting a stable and explicit loss...
Persistent link: https://www.econbiz.de/10005486711
This paper examines the implications of habit forming hypothesis for welfare theory. both myopic and rational habit …
Persistent link: https://www.econbiz.de/10005486927
Tullock (1971) demonstrated that the cause of politial rebellion is perhaps more to do with private expected utility that collective discontent. There is much to suggest that pecuniary motivation plays a large part in the North Irland (N.I.) conflict given the substantial amount of black market...
Persistent link: https://www.econbiz.de/10005775736
This paper presents a political economy model in which the voters want to control moral hazard on the part of the incumbent and select a competent candidate to be in office. We focus on elections which take place repeatedly as the basic disciplinary and screening mechanism. It is shown that...
Persistent link: https://www.econbiz.de/10005625756
This paper provides a test of efficiency of consumption decisions in households with many decision-makers. It also presents a method of determining the number of these decision-makers. Information on some distribution factors in needed to implement this approach.
Persistent link: https://www.econbiz.de/10005625825
We analyze a model of conflict with endogenous choice of effort, where subsets of the contenders may force the resolution to be sequential: First the alliance fights it out with the rest and , in case they win, later they fifht it out among themselves.
Persistent link: https://www.econbiz.de/10005631259
An exploration of the relationship between social capital in districts and effective political governance by District Health Boards (DHBs) in Sasakatchewan, Canada, was conducted. A model was proposed that identified components of social capital such as trust, commitment and identity,...
Persistent link: https://www.econbiz.de/10005641379
An hypothesized relationship between social capital in a community and effective political governance by regional health boards in Canada is presented. A model is proposed that identifies individual-level components of social capital such as trust, commitment and identity, associational and...
Persistent link: https://www.econbiz.de/10005641395
Results from a survey (n=534) of randomly selected citizens, 18 and older, in eight health districts in Saskatchewan, Canada are presented. Relationships among several social capital concepts were explored -- in particular the social-psychological constructs of trust, commitment and identity and...
Persistent link: https://www.econbiz.de/10005641400