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Finding common ground when experts disagree : belief dominance over portfolios of alternatives
Baker, Erin; Bosetti, Valentina; Salo, Ahti A. - 2016
We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...
Persistent link: https://www.econbiz.de/10011504367
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Public in-kind relief and private self-insurance
Goeschl, Timo; Managi, Shunsuke - 2017
In the wake of several high-profile natural disasters, crowding effects between public relief and private investments in disaster preparedness have recently attracted renewed attention. We examine how non-hypothetical self-insurance behavior by households responds to variations in public...
Persistent link: https://www.econbiz.de/10011663467
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Jon Elster und das Problem lokaler Gerechtigkeit
Pies, Ingo; Viebranz, Jörg - 2007
Untersuchung ist zweigeteilt. Der erste Teil rekonstruiert Elsters Beiträge zu einer Theorie lokaler Gerechtigkeit. Der zweite Teil … betreffen zum einen den Erklärungsgehalt seiner Analysen ((4)). Sie betreffen zum anderen den normativen Ertrag seiner Theorie … lokaler Gerechtigkeit für eine allgemeine Theorie sozialer Gerechtigkeit ((5)). Der Beitrag endet mit einer abschließenden …
Persistent link: https://www.econbiz.de/10011758000
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Information Security Inside Organizations - A Positive Model and Some Normative Arguments Based on New Institutional Economics
Pallas, Frank - 2009
This work develops an abstract, theory-founded understanding of organization-internal infor­mation security. For this … information security inside organizations. The model provides abstract and theory-founded explanations for the changes of …
Persistent link: https://www.econbiz.de/10014204115
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Saving Lives, Preserving the Environment, Growing the Economy : The Truth About Regulation
Shapiro, Sidney A. - 2016
This white paper starts from the recognition that the value of the regulatory system cannot be captured in a single number or metric, such as the concept of net benefits often touted by conservative economists. Instead, one must look at a more complex mosaic of evidence. When compiled and...
Persistent link: https://www.econbiz.de/10012995786
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The Invisible Hand and the Rational Agent are Behind Bubbles and Crashes
Galam, Serge - 2016
The substantial turmoil created by both 2000 dot-com crash and 2008 subprime crisis has fueled the belief that the two classical paradigms of economics, which are the invisible hand and the rational agent, are not appropriate to describe market dynamics and should be abandoned at the benefit of...
Persistent link: https://www.econbiz.de/10013001360
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Finding Common Ground When Experts Disagree : Belief Dominance Over Portfolios of Alternatives
Baker, Erin - 2017
We address the problem of choosing a portfolio of policies under “deep uncertainty.” We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...
Persistent link: https://www.econbiz.de/10012968609
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Unintended Consequences : Ambiguous Welfare Effects when the Policymaker is Unaware
Chollete, Lorán; Harrison, Sharon - 2023
Unintended consequences manifest themselves in many aspects of socioeconomic life. We develop a model of unintended consequences (UC) of novel policies. In our setup, the policymaker is unaware of the UC of her policy. We discuss several approaches to evaluating policy in terms of welfare...
Persistent link: https://www.econbiz.de/10014343701
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Legislative Allocation of Delegated Power : Uncertainty, Risk, and the Choice between Agencies and Courts
Stephenson, Matthew - 2005
This paper contributes to the positive political theory of legislative delegation by modeling formally the decision …
Persistent link: https://www.econbiz.de/10014065112
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Responsible Regulation : A Sensible Cost-Benefit, Risk vs. Risk Approach to Federal Health and Safety Regulation
Calandrillo, Steve - 2015
Federal health and safety regulations have saved or improved the lives of thousands of Americans, but protecting our citizens from risk entails significant costs. In a world of limited resources, we must spend our regulatory dollars responsibly in order to do the most we can with the money we...
Persistent link: https://www.econbiz.de/10014066061