We study the problem of locating multiple public goods for a group of agents with single-peaked preferences over an interval. An alternative specifies for each public good a location. In Miyagawa (1998) each agent consumes only his most preferred ...

We propose an alternate parameterization of stationary regular finite-state Markov chains, and a decomposition of the parameter into time reversible and time irreversible parts. We demonstrate some useful properties of the decomposition, and propose ...

We identify necessary and sufficient conditions for the choice set from every subset A of a (finite) universal set X to coincide with the top cycle in A of some fixed tournament on X.

A classical argument of de Finetti holds that Rationality implies Subjective Expected Utility (SEU). In contrast, the Knightian distinction between Risk and Ambiguity suggests that a rational decision maker would obey the SEU paradigm when the information ...

It is often thought that a tariff reduction, by opening up the domestic market to foreign firms, should lessen the need for a policy aimed at discouraging domestic mergers. This implicitly assumes that the tariff in question is sufficiently high to ...

This paper explores situations where tenants in public houses, in a specific neighborhood, are given the legislated right to buy the houses they live in or can choose to remain in their houses and pay the regulated rent. This type of legislation has ...

The aim of this paper is to demonstrate that, even if Marx's solution to the transformation problem can be modified, his basic conclusions remain valid. the proposed alternative solution which is presented hare is based on the constraint of a common ...

Cette thèse est composée de trois articles en économie des ressources naturelles non-renouvelables. Nous considérons tour à tour les questions suivantes : le prix in-situ des ressources naturelles non-renouvelables ; le taux d’extraction optimal et le ...

We propose a class of decisive collective choice rules that rely on an exogenous linear ordering to partition the majority relation into two acyclic relations. The first relation is used to obtain a shortlist of the feasible alternatives while the ...

While the Present Popularity of Lotteries and the Ferocious Attacks They Are the Object of Would Induce One to Think They Are a Novelty, Lotteries Already Existed At the Dawn of History. in This Paper, We Will Give a Brief Historical Survey of Games ...

Suzumura shows that a binary relation has a weak order extension if and only if it is consistent. However, consistency is demonstrably not sufficient to extend an upper semi-continuous binary relation to an upper semicontinuous weak order. Jaffray ...