Directory UMM :Data Elmu:jurnal:M:Mathematical Social Sciences:Vol38.Issue1.Jul1999:
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with three or more alternatives in the universal set: (a) the system of coalitional weights of Barbera and Sonnenschein will become additive if their Paretian condition is replaced
We show that if the number of firms is large (but finite) in relation to the degree of convexity of the inverse demand function, SPNE yields perfect competition (Proposition 1).. If
Keywords: Social choice; Social decision rules; Normative constraints; Rationality conditions; Aggregation operator; Arrow theorem; Ordinal relation..
Hollard and Le Breton (1996) have shown that if we restrict ourselves to separable complete relations then McGarvey’s result remains true, that is, every separable complete relation
Using the linear fine and linear production function in an intertemporal optimisation framework leads to similar conclusions as those for the open access model at long-run
While effective- ness is measured as the reduction of different pollutants aggregated to a damage index, all the other effects apart from pollutant reduction are monetarised
Due to the discontinuous step-like nature of price function, government and forest firms can use technological and marketing innovations to increase the prices of big trees so
A comparative static analysis using STELLA is car- ried out, and the simulations show how per-capita income and welfare growth rates, the welfare gap and resource stock levels vary
