The American Economic Review, Volume 85,Edições 1-3American Economic Association, 1995 |
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Página 18
... decision mechanisms , though less so for social welfare judgments ( Section III ) . The Arrow theorem , in its original form , does not apply once social decision - making is characterized in terms of choice func- tions without any ...
... decision mechanisms , though less so for social welfare judgments ( Section III ) . The Arrow theorem , in its original form , does not apply once social decision - making is characterized in terms of choice func- tions without any ...
Página 21
... Decision Rule , " in Jean - Jacques Laffont , ed . , Aggregation and revelation of prefer- ences . Amsterdam : North - Holland , 1979 , pp . 91-112 . Gaertner , Wulf ; Pattanaik , Prasanta K. and Suzumura , Kotaro . " Individual Rights ...
... Decision Rule , " in Jean - Jacques Laffont , ed . , Aggregation and revelation of prefer- ences . Amsterdam : North - Holland , 1979 , pp . 91-112 . Gaertner , Wulf ; Pattanaik , Prasanta K. and Suzumura , Kotaro . " Individual Rights ...
Página 221
... decision variables , x ,, and u is char- acterized by constant relative risk aversion . Then the optimal levels of the decision vari- ables will be linear in initial wealth . A 10- percent increase in initial firm wealth ( equity ) will ...
... decision variables , x ,, and u is char- acterized by constant relative risk aversion . Then the optimal levels of the decision vari- ables will be linear in initial wealth . A 10- percent increase in initial firm wealth ( equity ) will ...
Índice
Evidence? | 17 |
Dan Kovenock and Gordon Phillips | 403 |
The Effect of Institutions on Economic Behavior | 409 |
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aggregate analysis assume average behavior benefits bill rate Bretton Woods Cambridge cartels central bank cheap talk choice coefficient consumption contract correlation cost countries deutsche mark drug effect employment equation estimates evidence expected fiat money firms forecast genotype growth households human capital hypothesis implies incentive income increase individual industry inflation investment Journal of Economic labor market lagged liquidity constraints marginal Medicaid ment minimum wage monetary policy monomorphic Nash equilibrium National nomic nontraded null hypothesis optimal output paper payoff function percent player political population preferences problem quota ratio reduce regression relative Research response revenue risk Robert sample sector shocks significant social Solow residuals spending statistically strategy studies supply shocks symmetric Nash Table tax rates theory tion tive trade University utility variables voters welfare workers y₁ zero