Directory UMM :Data Elmu:jurnal:M:Mathematical Social Sciences:Vol39.Issue1.Jan2000:
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Thus in such games where pure strategy sets do not differ much in size and payoffs conform with concave von Neumann-Morgenstern utility functions over ordinally ranked outcomes,
It generalizes the well-known Referendum Paradox to the non-dichotomous choice case, and shows that all Condorcet choice rules are sensitive to the design of the apportionment of
In this paper, we show that a simple search model if combined with regional variations in productivity and with a monocentric city structure produces the wage curve even if the
For the general class of central dominance changes in risk introduced by Gollier (1995), we find that the decision to initiate or to expand the second activity in response to a
In a standard one-period expected utility framework and with an unbiased futures or options market, it turned out that a risk averse firm would prefer access to a futures market..
This is what Matyas (1998) has in mind when noting that for large country samples (e.g., when one’s interest lies in the general evaluation of the effects of transportation costs
We show that our dynamic efficiency wage can be greater, lower or equal to the static one (for which the elasticity of effort with respect to wage is unitary) depending on a trade
Both these analyses are based on the following assumptions: (1) past research costs, including the hu- man capital investments are sunk costs that is, benefits of past research are
