The Moulin–Shenker rule

The Moulin–Shenker rule is a non-linear solution concept for solving heterogeneous cost sharing problems. It is the unique continuous rule with the properties scale invariance, bounds on cost shares and self-consistency. I am indebted to several anonymous referees and especially to Hervé Moulin for many useful suggestions.     

Alessandro Cigno

Alessandro Cigno1991 President of the European Society for Population Economics     

The relationship between measures of subjective and economic well-being: A new look

The objective of this research is to examine the importance of variable specification in using economic variable to explain the variance in individual's perceived (1) overall psychological, (2) economic, and (3) non-economic well-being. Results indicate that careful specification of economic variables improves the explained variance of perceived subjective well-being. Specification of dependent variable, life satisfaction, based on a domain-specific scale, proves superior to using the response to the global satisfaction question, “How do you feel about life as a whole?’ Economic variables prove significant in explaining both perceived economic and non-economic domains of life satisfaction. Although its overall effect on life satisfaction is negative, increased family size is found to enhance non-economic life satisfaction, while detracting from economic aspects of life satisfaction.