Showing 21 - 30 of 106
Applying a framework of perfect competition under uncertainty, we contribute to the discussion of whether or not ad valorem taxes and specific taxes are equivalent. While this equivalence holds without price uncertainty, we show that ad valorem taxes and specific taxes are “almost never”...
Persistent link: https://www.econbiz.de/10013100011
This paper continues Dietrich and List's [2010] work on propositional-attitude aggregation theory, which is a generalised unification of the judgment-aggregation and probabilistic opinion-pooling literatures. We first propose an algebraic framework for an analysis of (many-valued)...
Persistent link: https://www.econbiz.de/10013108821
Persistent link: https://www.econbiz.de/10013091319
This paper studies collective decision making when individual preferences can be represented by convex risk measures. It addresses the question whether there exist non-dictatorial aggregation functions of convex risk measures satisfying the following Arrow-type rationality axioms: a weak form of...
Persistent link: https://www.econbiz.de/10013059110
Persistent link: https://www.econbiz.de/10013059969
This article proves a very general version of the Kirman-Sondermann [Journal of Economic Theory, 5(2):267-277, 1972] correspondence by extending the methodology of Lauwers and Van Liedekerke [Journal of Mathematical Economics, 24(3):217-237, 1995]. The paper first proposes a unified framework...
Persistent link: https://www.econbiz.de/10003921381
Persistent link: https://www.econbiz.de/10010190170
We refine the discretization of G-expectation by Y. Dolinsky, M.Nutz, and M. Soner (Stochastic Processes and their Applications, 122 (2012), 664-675), in order to obtain a discretization of sublinear expectation where the martingale laws are defined on a finite lattice rather than the whole set...
Persistent link: https://www.econbiz.de/10010242097
Applying a framework of perfect competition under uncertainty, we contribute to the discussion of whether or not ad valorem taxes and specific taxes are equivalent. While this equivalence holds without price uncertainty, we show that ad valorem taxes and specific taxes are "almost never"...
Persistent link: https://www.econbiz.de/10009633835
Persistent link: https://www.econbiz.de/10009655795