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181.
The Muller–Satterthwaite Theorem (J Econ Theory 14:412–418, 1977) establishes the equivalence between Maskin monotonicity and strategy-proofness, two cornerstone conditions for the decentralization of social choice rules. We consider a general model that covers public goods economies as in Muller–Satterthwaite (J Econ Theory 14:412–418, 1977) as well as private goods economies. For private goods economies, we use a weaker condition than Maskin monotonicity that we call unilateral monotonicity. We introduce two easy-to-check preference domain conditions which separately guarantee that (i) unilateral/Maskin monotonicity implies strategy-proofness (Theorem 1) and (ii) strategy-proofness implies unilateral/Maskin monotonicity (Theorem 2). We introduce and discuss various classical single-peaked preference domains and show which of the domain conditions they satisfy (see Propositions 1 and 2 and an overview in Table 1). As a by-product of our analysis, we obtain some extensions of the Muller–Satterthwaite Theorem as summarized in Theorem 3. We also discuss some new “Muller–Satterthwaite preference domains” (e.g., Proposition 3). 相似文献
182.
Gerrit Olivier 《Social Dynamics》2013,39(1):201-213
The article analyses the seminal role played by the poet N.P. van Wyk Louw in defining the intellectual in Afrikaans public discourse. It shows that Van Wyk Louw’s defence of key concepts such as ‘liberal nationalism’ and ‘the open discussion’ in the 1950s was a movement away from his earlier views on Afrikaner nationalism, in which he focused on non‐rational forces. In the contested terrain of debates on Afrikaner nationalism Van Wyk Louw emphasised the need for the intellectual to ground his interventions in the tradition of European political thought, which demanded a respect for justice and an attempt at reconciling nationalism with liberalism. The article finally comments on the relevance of Van Wyk Louw’s contribution to current debates on public intellectual life in South Africa. 相似文献
183.
In the light of the recent reversal of fertility trends in several highly developed countries, we investigate the impact of economic development and its components on fertility in OECD countries from 1960 to 2007. We find that the strong negative correlation between GDP per capita does no longer hold for high levels of per capita economic output; the relation and fertility instead seems to turn into positive from a certain threshold level of economic development on. Survival of an inverse J-shaped association between GDP per capita and fertility is found when controlling for birth postponement, omitted variable bias, non-stationarity and endogeneity. However, gaps between actual and predicted fertility rates show implicitly the importance of factors influencing fertility above and over per capita income. By decomposing GDP per capita into several components, we identify female employment as co-varying factor for the fertility rebound that can be observed in several highly developed countries. Pointing out to important differences with regard to the compatibility between childbearing and female employment, our results suggest that fertility increases are likely to be small if economic development is not accompanied by institutional changes that improve parents’ opportunities to combine work and family life. 相似文献
184.
Olivier Armantier 《Journal of Risk and Uncertainty》2006,32(1):37-56
The paper reports on an experiment testing whether agents perceive correctly the lethal risks they face personally. The results
suggest that subjects exhibit comparable biases when making predictions for their own-age-cohort, or for the entire population
(i.e. agents overestimate rare risks, and underestimate common risks). The hypothesis that agents have better knowledge of
their own risks, however, cannot be dismissed entirely, as responses in the own-age-cohort survey are more homogenous and
better ordered. Finally, it is shown that administering surveys in succession can generate anchoring effects, which may explain
why our conclusions differ markedly from a previous study.
JEL Classification D8 ⋅ C9 相似文献
185.
Olivier Wintenberger 《Scandinavian Journal of Statistics》2013,40(4):846-867
I introduce the notion of continuous invertibility on a compact set for volatility models driven by a stochastic recurrence equation. I prove strong consistency of the quasi‐maximum likelihood estimator (QMLE) when the quasi‐likelihood criterion is maximized on a continuously invertible domain. This approach yields, for the first time, the asymptotic normality of the QMLE for the exponential general autoregressive conditional heteroskedastic (EGARCH(1,1)) model under explicit but non‐verifiable conditions. In practice, I propose to stabilize the QMLE by constraining the optimization procedure to an empirical continuously invertible domain. The new method, called stable QMLE, is asymptotically normal when the observations follow an invertible EGARCH(1,1) model. 相似文献
186.
Does the Representation of Household Behavior Matter for Welfare Analysis of Tax-benefit Policies? An Introduction 总被引:1,自引:1,他引:0
Olivier Bargain Miriam Beblo Denis Beninger Richard Blundell Raquel Carrasco Maria-Concetta Chiuri François Laisney Valérie Lechene Nicolas Moreau Michal Myck Javier Ruiz-Castillo Frederic Vermeulen 《Review of Economics of the Household》2006,4(2):99-111
A widely shared intuition holds that individual control over money matters for the decision process within the household and
the subsequent distribution of resources and welfare. As a consequence, there are good reasons to depart from the unitary
model of the household and to explore the possibilities offered by models of the family accounting for several decision makers
in the household and for the potential impact of tax reforms on the balance of power. This paper summarizes both the methodological
and empirical findings presented in the next three papers of this special issue of the Review of the Economics of the Household. This series of contributions primarily entails a concrete comparison of the policy implications of the choice between the
unitary and a particular multi-person representation: the collective representation. On the one hand, it suggests a methodology
to implement the collective model of labor supply in a realistic context where participation is modeled together with working
hours, and where the full tax-benefit system is accounted for. On the other hand, the empirical part relies on comprehensive
simulations of tax reforms in Belgium, France, Germany, Italy, Spain, and the United Kingdom, and allows to quantify the distortions
that may affect policy recommendations based on the unitary model.
相似文献
Olivier BargainEmail: |
187.
Olivier Gossner 《Econometrica : journal of the Econometric Society》2011,79(5):1627-1641
We introduce entropy techniques to study the classical reputation model in which a long‐run player faces a series of short‐run players. The long‐run player's actions are possibly imperfectly observed. We derive explicit lower and upper bounds on the equilibrium payoffs to the long‐run player. 相似文献
188.
Jean‐Olivier Hairault Thepthida Sopraseuth Franois Langot 《Journal of the European Economic Association》2010,8(5):1034-1076
This paper presents empirical evidence and a theoretical foundation in favor of the view that the retirement age decision affects older workers' employment prior to retirement. To the extent that there are search frictions on the labor market, the return on jobs is determined by their expected duration: The time to retirement is then key to understanding older workers' employment. Countries with a retirement age of 60 are indeed characterized by lower employment rates for workers aged 55–59. Based on the French Labor Force Survey, we show that the likelihood of employment is significantly affected by the distance to retirement, in addition to age and other relevant variables. We then extend McCall's job search model by explicitly integrating life‐cycle features with the retirement decision. Using simulations, we show that the distance effect in interaction with the generosity of unemployment benefits and the depressed demand for older workers explains the low rate of employment just before the eligibility age for the Social Security pension. Finally, we show that implementing actuarially fair schemes not only extends the retirement age, but also encourages a more intensive job search by older unemployed workers. (JEL: J22, J26, H55) 相似文献