Social Welfare and Income Inequality in a System of Cities

This paper develops a general-equilibrium model of a system of core-periphery cities to examine the main determinants of intra- and inter-regional income disparities. The economy is populated by a continuum of (homogeneous) unskilled and (heterogeneous) skilled workers. Unskilled workers, whose wages are determined competitively, specialize in food production in local cities; skilled workers, whose wages are determined according to a Nash bargain, manufacture a high-tech commodity in the metropolis. We establish conditions under which this core-periphery equilibrium spatial configuration emerges. We show that both intra- and inter-regional income disparities are present; the determinants of each type of disparity and the social-welfare implications are fully investigated. Our results suggest that public policy programs that improve income equality may not be necessarily welfare enhancing.     

Group decision-making: Head-count versus intensity of preference

This paper puts forth a framework for reshaping the group decision-making process. The proposed framework extends from the usual one-issue-at-a-time decision-making to one that involves several related issues simultaneously. Weaknesses of the traditional majority voting mechanism are first identified, and then a different voting method that takes each individual voter's sentiment into account is discussed. Specifically, a decision-maker is asked to express his/her intensity of preference for the issues encountered. Three hierarchical structures—benefits, costs, and risks—are developed to evaluate the alternatives. Due to the nature of pairwise comparisons and synthesis, the proposed method is amenable to consensus building and has higher reliability and consistency. It can be used for candidate selection, e.g. governmental election, when a large population is involved. It is also effective for resource allocation and prioritization when a small group or business is concerned. We believe the proposed approach has potential for resolving deficiencies of the conventional voting mechanism, and can be applied to many real-world problems. Its implementation on the Internet is also discussed.     

The Impact of Non-Normality and Estimation Methods in SEM on Satisfaction Research in Marketing

This paper discusses consequences of violating the normal distribution assumption imbedded in Structural Equation Modeling (SEM). Based on real data from a large sample customer satisfaction survey we follow the procedures as suggested in leading textbooks. We document consequences of this practice and discuss its impact on decision making in marketing.     

A note on the determination of A-optimal type block designs under fixed and mixed effects models

In this paper, we consider the problem of estimating a selected set of contrasts between v treatments using a block design consisting of b blocks of size k. Traditionally, the construction of A-optimal block designs for such situations has been carried out assuming a fixed effects model. In this paper, we show that A-optimal designs constructed under a fixed effects model are robust in the sense that these designs have maximal minimal efficiency when considered among all available designs and under all possible mixed effects models. AMS 1991 subject classifications: Primary 62K05; Secondary 62K10     

Nonparametric tests for optimizing behavior in production: Extensions to unobservable factors and superadditive technology

This paper develops two new nonparametric tests for optimizing behavior in production. The first is a test for consistency of observed data with cost minimization from a superadditive technology. Superadditivity of technology plays a key role in the theory of industry structure and natural monopoly. The second is an extension of Varian's profit maximization test. When the data fails Varian's test, one possible explanation is technical/allocative inefficiency. However, another possibility is the presence of unobservable, untradeable, and varying endowments of some factor of production. This paper develops a test that allows for such an ordinally measurable factor and notes its correspondence to the Afriat Theorem for utility maximization in demand analysis.The refereeing process of this paper was handled through R. Banker.     

An optimum sampling design to base HT-method of estimating a finite population total

The problem of constructing a sampling design with the value of the sum of second order inclusion probabilities attaining its lower bound for non-integral values of the expected effective size of a sample in the design has been considered in this paper. If the values of the characteristic of interest on all the units in the population are non-negative the design is admissible (in the sense of variance) with respect to Horvitz-Thompson estimator in the class of designs with the same set of values of the first order inclusion probabilities of the units. Again such a design is best to use Horvitz-Thompson estimator of population total in the sense of smallest average variance of the estimator under a special superpopulatio model.     

Duration dependence testing for speculative bubbles

Prior research has employed a number of methods to test for speculative bubbles in asset prices, including a method based on the concept of duration dependence. This study explores whether duration dependence tests for speculative bubbles are sensitive to specification decisions. Our results question the efficacy of using measures of duration dependence to test for speculative bubbles. In particular, we find that evidence of duration dependence is sensitive to the method of correcting for discrete observation of continuous duration, the use of value-weighted versus equally weighted portfolios, and the use of monthly versus weekly runs of abnormal returns. (JEL C41, G12)     

Collective Intentions and Collective Intentionality

A BSTRACT . John Searle believes that collective intentions are crucial to his philosophy, but he is yet to present a coherent account of these entities. No account whatsoever of collective intentions is presented in the book where Searle needs them the most ( The Construction of Social Reality ), or, for that matter, in any other of Searle's major books. The only account, and a defective one at that (so I argue), is found in a short, somewhat obscure article entitled "Collective Intentions and Actions," but in fact what Searle presents there is, at best, an account of collective actions , not of collective intentions. In light of Searle own ground-breaking work in the philosophy of mind, and in particular in light of his far-reaching analyses showing how intentions differ from related mental states, I argue that collective intentions are not consistent with Searle's philosophy of mind.     

ON THE FIRST–ORDER EFFICIENCY AND ASYMPTOTIC NORMALITY OF MAXIMUM LIKELIHOOD ESTIMATORS OBTAINED FROM DEPENDENT OBSERVATIONS

Abstract. In this paper we study the first–order efficiency and asymptotic normality of the maximum likelihood estimator obtained from dependent observations. Our conditions are weaker than usual, in that we do not require convergences in probability to be uniform or third–order derivatives to exist.
The paper builds on Witting and Nolle's result concerning the asymptotic normality of the maximum likelihood estimator obtained from independent and identically distributed observations, and on a martingale theorem by McLeish.     

是否应当欺骗--关于合作的经验或教训

本文通过欺骗与合作的成本比较探讨如何与合作伙伴建立一种双赢的合作关系.我们的结论是,合作比欺骗能给双方带来更大的利益.