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Social and Behavioral Sciences Commons™
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Articles 2431 - 2460 of 2930
Full-Text Articles in Social and Behavioral Sciences
The Structure Of Neutral Monotonic Social Functions, Julian H. Blau, Donald J. Brown
The Structure Of Neutral Monotonic Social Functions, Julian H. Blau, Donald J. Brown
Cowles Foundation Discussion Papers
In [6], Guha gave a complete characterization of path independent social decision functions which satisfy the independence of irrelevant alternatives condition, the strong Pareto principle, and UII, i.e., unanimous indifference implies social indifference. These conditions necessarily imply that a path independent social decision function is neutral and monotonic. In this paper, we extend Guha’s characterization to the class of neutral monotonic social functions. We show that neutral monotonic social functions and their specializations to social decision functions, path independent social decision functions, and social welfare functions can be uniquely represented as a collection of overlapping simple games, each of which …
A Theory Of Money And Financial Institutions. Part 37. The Profit Maximizing Firm: Managers And Stockholders, Pradeep Dubey, Martin Shubik
A Theory Of Money And Financial Institutions. Part 37. The Profit Maximizing Firm: Managers And Stockholders, Pradeep Dubey, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
On ‘On The Foundations Of The Theory Of Monopolistic Competition', Pradeep Dubey, Martin Shubik
On ‘On The Foundations Of The Theory Of Monopolistic Competition', Pradeep Dubey, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
Competitive Valuation Of Cooperative Games, Martin Shubik, Robert J. Weber
Competitive Valuation Of Cooperative Games, Martin Shubik, Robert J. Weber
Cowles Foundation Discussion Papers
No abstract provided.
The Transition From Exhaustible To Renewable Or Inexhaustible Resources, Tjalling C. Koopmans
The Transition From Exhaustible To Renewable Or Inexhaustible Resources, Tjalling C. Koopmans
Cowles Foundation Discussion Papers
No abstract provided.
The Nucleolus As A Noncooperative Game Solution, Martin Shubik, H. P. Young
The Nucleolus As A Noncooperative Game Solution, Martin Shubik, H. P. Young
Cowles Foundation Discussion Papers
No abstract provided.
Myopic Economic Agents, Donald J. Brown, Lucinda M. Lewis
Myopic Economic Agents, Donald J. Brown, Lucinda M. Lewis
Cowles Foundation Discussion Papers
An economic agent is said to be weakly myopic if he prefers a time-contingent consumption plan x bar to a time-contingent consumption plan y bar, then he prefers x bar x to y bar augmented by any stationary consumption plan which begins sufficiently far in the future. An economic agent is said to be monotonically myopic if when he prefers a state-contingent consumption plan x bar to a state-contingent consumption plan y bar, then he prefers any sufficiently large finite truncation of y bar. A topology on the space of time (state)-contingent consumption plans is said to be weakly (monotonically) …
A Model Of The Jury Decision Process, Alvin K. Klevorick, Michael Rothschild
A Model Of The Jury Decision Process, Alvin K. Klevorick, Michael Rothschild
Cowles Foundation Discussion Papers
No abstract provided.
Estimating The Expected Predictive Accuracy Of Econometric Models, Ray C. Fair
Estimating The Expected Predictive Accuracy Of Econometric Models, Ray C. Fair
Cowles Foundation Discussion Papers
No abstract provided.
Modelling The Choice Of Residential Location, Daniel Mcfadden
Modelling The Choice Of Residential Location, Daniel Mcfadden
Cowles Foundation Discussion Papers
No abstract provided.
The Effects Of Money Supply On Economic Welfare In The Steady State, Laurence Weiss
The Effects Of Money Supply On Economic Welfare In The Steady State, Laurence Weiss
Cowles Foundation Discussion Papers
No abstract provided.
Game Theory Models And Methods In Political Economy, Martin Shubik
Game Theory Models And Methods In Political Economy, Martin Shubik
Cowles Foundation Discussion Papers
An overview of different moels and solution concepts of game theory is given together with a sketch of the major areas of application to political economy, as well as with some indications of major open problems. This piece is designed to complement the essay of Robert Aumann which is more directly concerned with the mathematical methods of game theory. Although many references are given the reader may find more detail and references in a series of Rand reports on Game Theory in Economics [1].
The Computation Of Equilibrium Prices: An Exposition, Herbert E. Scarf
The Computation Of Equilibrium Prices: An Exposition, Herbert E. Scarf
Cowles Foundation Discussion Papers
No abstract provided.
Probabilistic Values For Games, Pradeep Dubey, Robert J. Weber
Probabilistic Values For Games, Pradeep Dubey, Robert J. Weber
Cowles Foundation Discussion Papers
No abstract provided.
Nash Equilibria Of Market Games: I. Existence And Convergence, Pradeep Dubey
Nash Equilibria Of Market Games: I. Existence And Convergence, Pradeep Dubey
Cowles Foundation Discussion Papers
No abstract provided.
Probabilistic Values For Games, Pradeep Dubey, Robert J. Weber
Probabilistic Values For Games, Pradeep Dubey, Robert J. Weber
Cowles Foundation Discussion Papers
No abstract provided.
Quantitative Methods For Analyzing Travel Behaviour Of Individuals: Some Recent Developments, Daniel Mcfadden
Quantitative Methods For Analyzing Travel Behaviour Of Individuals: Some Recent Developments, Daniel Mcfadden
Cowles Foundation Discussion Papers
This paper is concerned with quantitative methods for the analysis of travel behaviour of individuals. It reviews some of the recent developments in model specification, estimation, model evaluation and testing, and aggregation and forecasting. Topics in model specification include the multinomial probit model and its computation, and generalized extreme value models and their relation to sequential models. Topics in estimation methods include the use of choice-based samples, sample designs, and incomplete choice sets. Model evaluation topics include prediction success tables and diagnostic tests of specification. Aggregation and forecasting topics include aggregation by the Clark method, synthesis of the distribution of …
On Modeling The Economic Linkages Among Countries, Ray C. Fair
On Modeling The Economic Linkages Among Countries, Ray C. Fair
Cowles Foundation Discussion Papers
No abstract provided.
Information Conditions, Communication And General Equilibrium, Pradeep Dubey, Martin Shubik
Information Conditions, Communication And General Equilibrium, Pradeep Dubey, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
The Long Run Implications Of A Two Sector Model With Immobile Capital, Gary Smith
The Long Run Implications Of A Two Sector Model With Immobile Capital, Gary Smith
Cowles Foundation Discussion Papers
No abstract provided.
The Long Run Implications Of An Is-Lm Simulation Model, Gary Smith
The Long Run Implications Of An Is-Lm Simulation Model, Gary Smith
Cowles Foundation Discussion Papers
No abstract provided.
Sealed Bid Auctions With Non-Additive Bid Functions, Richard Engelbrecht-Wiggans
Sealed Bid Auctions With Non-Additive Bid Functions, Richard Engelbrecht-Wiggans
Cowles Foundation Discussion Papers
A traditional sealed bid auction of a single item sells the item at the high bid price to a bidder with the highest bid. Such an auction may be used to auction several items; each bidder submits a bid on each item and each item is sold to a high bidder on that item. Implicit in this traditional scheme is the assumption that the bid for a set of items is the sum of the bids on the individual items: there are instances where this restriction appears unreasonable. This paper considers a more general sealed bid auction in which bids …
The Greedy Heuristic Applied To A Class Of Set Partitioning And Subset Selection Problems, Richard Engelbrecht-Wiggans
The Greedy Heuristic Applied To A Class Of Set Partitioning And Subset Selection Problems, Richard Engelbrecht-Wiggans
Cowles Foundation Discussion Papers
The greedy heuristic may be used to obtain approximate solutions to integer programming problems. For some classes of problems, notably knapsack problems related to the coin changing problem, the greedy heuristic results in optimal solutions. However, the greedy heuristic does quite poorly at maximizing submodular set functions. This paper considers a class of set partitioning and subset selection problems. Results similar to those for maximizing submodular set functions are obtained for less restricted objective functions. The example used to show how poorly the heuristic does is motivated by a problem arising from an actual auction; the negative results are not …
Deficit Spending And Crowding Out In Shorter And Longer Runs, James Tobin
Deficit Spending And Crowding Out In Shorter And Longer Runs, James Tobin
Cowles Foundation Discussion Papers
No abstract provided.
A Theory Of Money And Financial Institutions, Martin Shubik
A Theory Of Money And Financial Institutions, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
The Long Run Consequences Of Monetary And Fiscal Policies When The Governments Budget Is Not Balanced, Gary Smith
The Long Run Consequences Of Monetary And Fiscal Policies When The Governments Budget Is Not Balanced, Gary Smith
Cowles Foundation Discussion Papers
No abstract provided.
Strategic Market Games: A Sketch Of An Approach To The Theory Of Money And Financial Institutions. Together With An Informal Guide To Some Papers, Martin Shubik
Cowles Foundation Discussion Papers
No abstract provided.
An Analysis Of A Macroeconometric Model With Rational Expectations In The Bond And Stock Markets, Ray C. Fair
An Analysis Of A Macroeconometric Model With Rational Expectations In The Bond And Stock Markets, Ray C. Fair
Cowles Foundation Discussion Papers
No abstract provided.
Equilibrium And Disequilibrium Interpretations Of The Is-Lm Model, Gary Smith
Equilibrium And Disequilibrium Interpretations Of The Is-Lm Model, Gary Smith
Cowles Foundation Discussion Papers
There is a considerable tension in neoKeynesian macroeconomics as to whether the familiar IS-LM analysis should be interpreted as a description of equilibrium or disequilibrium. The present paper shows how the IS-LM model can be used for either purpose. The first section provides the preliminaries for the model of disequilibrium behavior that I will use. The second section lays out the sectoral notional and effective demands. The third section gives the equilibrium solution while the fourth and fifth sections give excess supply and excess demand solutions respectively.
How Dead Is Keynes?, James Tobin
How Dead Is Keynes?, James Tobin
Cowles Foundation Discussion Papers
No abstract provided.