What does Arrow's theorem say about Kaldor-Hicks social welfare functions with von Neumann-Morgenstern utility? [closed]
Let $A$ be the set of all possible states of the world, let $G(A)$ be the set of all "lotteries" or "gambles", i.e. the set of all probability distributions over $A$. Now consider an individual with ...
From memories of a quantum mechanics class and Wikipedia: In quantum mechanics, the uncertainty principle is any of a variety of mathematical inequalities asserting a fundamental limit to the ...
I suppose this is really an economics question, but I'm posting here for want of a more appropriate forum. My question concerns an aggregate demand system in which we have $n$ variants of a product, ...
I'm currently teaching an integral calculus course for business students, and we're just about to discuss differential equations. They've worked hard, and I'd like to reward them with some economic ...
I'm interested in the solution to the following problem: I have initial capital $C$ which I can invest into $M$ classes of resources, each unit of a class $m_i$ matures at time $t_i$, has a return of ...
The following graph theoretic notion appeared in an economics paper entitled: "Prize competition under limited comparability, by Michele Piccione and Ran Spiegler which studies models of economics ...