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The paper addresses the issue of linguistic diversity and its impact on economic policy and political decisions. Importance of the topic is illustrated by examination of optimal sets of official languages in the European Union. It is shown that alternative estimation methods of language...
Persistent link: https://www.econbiz.de/10008597034
Game-theoretic analysis is a well-established part of the toolkit of economic analysis. In crucial respects, however, game theory has failed to deliver on its original promise of generating sharp predictions of behavior in situations where neoclassical microeconomics has little to say....
Persistent link: https://www.econbiz.de/10008599194
We introduce the notion of an outcome space, in which strategic interactions are embedded. This allows us to investigate the idea that one strategic interaction might be an expanded version of another interaction. We then characterize the Nash equilibria arising in such extensions and...
Persistent link: https://www.econbiz.de/10008599197
Persistent link: https://www.econbiz.de/10008602868
This paper examines the implementation of two public ownership solutions in convex production economies with differentiable production functions. The two public ownership solutions we focus on are the proportional and equal benefit solutions. Two "natural" mechanisms which doubly implement the...
Persistent link: https://www.econbiz.de/10008602869
This paper examines the implementation of various solutions in differentiable concave production economies with one privately owned input, one output, and publicly owned production technology. The public ownership solutions we focus on are the Proportional Solution (PS) and the Equal Benefit...
Persistent link: https://www.econbiz.de/10008602872
Succeeding Dutta, Sen and Vohra (1995) and Saijo, Tatamitani and Yamato (1997), we define two types of natural mechanisms quantity and price-quantity types, in convex production economies, and characterize the class of Pareto subsolutions doubly implementable in Nash and strong Nash equilibria...
Persistent link: https://www.econbiz.de/10008602902
Persistent link: https://www.econbiz.de/10008602936
This paper discusses and develops "non-welfaristic" arguments on distributive justice, mainly basing upon J. Rawls and A.K. Sen, and formalizes, in cooperative production economies, "non-welfaristic" distribution rules as game forms. First, it conceptualizes Needs Principle that the distribution...
Persistent link: https://www.econbiz.de/10008602959
Succeeding Dutta, Sen and Vohra (1995) and Saijo, Tatamitani and Yamato (1995), we define several conditions of natural mechanisms in production economies, and proposed two types of natural mechanisms, that is, the quantity and price-quantity types.
Persistent link: https://www.econbiz.de/10008602961