If a strict equilibrium is suggested as the solution of a strategicgame in normal form and if some but not all players are committedto their solution strategy, a reduced game results with only thestill non-committed as active players. The reduced game property (orconsistency axiom) demands that...

We describe Amartya Sen’s Capability Approach to welfare evaluationin the language of standard welfare economics, and assess to what extentit provides a genuine alternative for individual welfare measurement andpolicy evaluation. We review the nascent empirical literature on the...

This paper contributes to the multidimensional welfare measurement literature inspired by Sen's functioning approach. After reviewing the different statistical techniques used in multidimensional welfare measurement, we suggest structural equation modelling as an appropriate alternative to...

We describe Amartya Sen's Capability Approach to welfare evaluation in the language of standard welfare economics, and assess to what extent it provides a genuine alternative for individual welfare measurement and policy evaluation. We review the nascent empirical literature on the capability...

If a strict equilibrium is suggested as the solution of a strategic game in normal form and if some but not all players are committed to their solution strategy, a reduced game results with only the still non-committed as active players. The reduced game property (or consistency axiom) demands...

A firm with stochastic demand can rely on hired hands when demand is low and rent additional labour when demand is higher. For high demand this implies the co-employment of hired hands, paid directly by the firm, and of rented hands who are paid by a rental agency. This may cause severe problems...