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In this paper we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty there may be less...
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The number of Arrovian constitutions, when N agents are to rank n alternatives, is p(n)p(n)N, where p(n) is the number of weak orderings of n alternatives. For n\leq15, p(n) is the nearest integer to n!/2(log2)n+1, the dominant term of a series derived by contour integration of the generating...
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Taking as our point of departure a model proposed by David Card (2001), we suggest new methods for analyzing wage dispersion in a partially unionized labor market. Card's method disaggregates the la- bor population into skill categories, which procedure entails some loss of information....
Persistent link: https://www.econbiz.de/10005007667
The inversion theorem for radially-distributed complex random variables provides a completely symmetric relationship between their characteristic functions and their distribution functions, suitably defi- ?ned. If the characteristic function happens also to be a distribution function, then a...
Persistent link: https://www.econbiz.de/10005007669
In this paper we consider the problem of testing the null hypothesis that a series has a constant level (possibly as part of a more general deterministic mean) against the alternative that the level follows a random walk. This problem has previously been studied by, inter alia, Nyblom and...
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Wage Dispersion in a Partially Unionized Labor Force This paper critiques Card’s (2001) method for analyzing wage dispersion in a partially unionized labor market based on a disaggregation of the population into skill categories. We argue that disaggregation is a good idea, the use of skill...
Persistent link: https://www.econbiz.de/10005029292
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