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1.
In the last decade, a lively interdisciplinary discussion has grown around the evidence that, in the long-run, people’s subjective
well-being is not significantly correlated with income growth. In other words, GDP growth does not predict the long run growth
of subjective well-being. In this paper, we argue that there exists a different predictor of subjective well-being that works
pretty well: sociability, i.e. the quality and quantity of social relationships (also referred to as relational goods). More
precisely, we illustrate the role of sociability as a predictor of well-being, presenting the available evidence at both the
within-country and the worldwide level. In particular, we discuss recent evidence from US cross-sectional data (General Social
Survey, 1975–2004), cross-country time series (World Value Survey 1980–2005), and German panel data (German Socio-Economic
Panel, 1996–2007). We conclude by indicating the most relevant open issues and suggesting future lines of research. 相似文献
2.
The Review of Austrian Economics - The boom in shale gas production has been accompanied by concerns that polycentricity, whereby multiple levels of government share regulatory authority, has... 相似文献
3.
Ennio Stacchetti 《Journal of Mathematical Economics》1985,14(3):241-259
A model of a dynamic exchange economy is presented. Similarly to the Walrasian equilibrium problem, each consumer is characterized by a feasible set and by an instantaneous demand function, that depends on the price vector, time, and the commodity holding. The commodity holding of each consumer varies, at each moment, according to this instantaneous demand function. We show that the market can choose prices that keep the commodity holding of each consumer within his consumption set, while ensuring that the aggregate commodity holding satisfies the scarcity constraints of the market. 相似文献
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Jorge Álvarez Ennio Bilancini Simone D'Alessandro Gabriel Porcile 《Explorations in Economic History》2011,(2):151-168
In this paper we apply a model of early industrialization to the case of New Zealand and Uruguay in 1870–1940. We show how differences in agricultural institutions may have produced different development paths in two countries which were similar under many respects. While in New Zealand the active role of the Crown in regulating the land market facilitated access to land, in Uruguay land was seized by a small group of large landowners. Our model shows that land concentration may have negatively influenced industrialization and growth by impeding the formation of a large group of middle-income landowners and, as a consequence, the development of a domestic demand for basic manufactures. We support this view with a comparative analysis of agricultural institutions and industrial development in New Zealand and Uruguay. 相似文献
6.
Ennio Bilancini 《Journal of Economics》2011,102(3):275-286
We prove that defining consumers’ preferences over budget sets is both necessary and sufficient to make every fully informative
and finite set of observed consumption choices rationalizable by a collection of preferences which are transitive, complete,
and monotone with respect to own consumption. Our finding has two important theoretical consequences. First, assuming that
preferences depend on budget sets is illegitimate under the scientific commitments of revealed preference theory. Second,
as long as consumers’ preferences are not defined over budget sets, we can assume that preferences depend on observable objects
other than own consumption without compromising the logical possibility to reject the model against observation. We however
point out that, despite this logical possibility, in practice it can be almost impossible to reject a model where preferences
are defined over objects that depend on budget sets. As an example of this we show that if preferences are defined over consumption
choices of other individuals then rationalization fails only in cases of negligible practical interest. 相似文献
7.
Analysis of mobility impacts of the high speed Rome-Naples rail link using withinday dynamic mode service choice models 总被引:1,自引:0,他引:1
Ennio CascettaAndrea Papola Francesca Pagliara Vittorio Marzano 《Journal of Transport Geography》2011,19(4):635-643
The decrease in travel times, the better quality of the supplied services and the improved accessibility are the main factors of success of High Speed Rail links.In this paper, evidence of the impacts of the High Speed Rail line between Rome and Naples in Italy will be provided on the basis of a survey which was carried out in March 2008.A Revealed Preference (RP) survey was undertaken by Trenitalia (the Commercial Division of Italian railways) and three different questionnaires were prepared to be submitted to car users, Intercity train users and High Speed train users. They all have in common questions concerning the socioeconomic characteristics of the users, questions related to the existence of possible time constraints for the trip undertaken and questions concerning previous travel choices.Data from Trenitalia highlighted that the use of car and of Intercity trains had almost remained unchanged during the few years of operation of the High Speed service. However, a generated demand was derived from the use of this High Speed Rail link and this means that the introduction of the High Speed service between Rome and Naples probably had impacts, as excepted, on mobility choices (i.e. increase in trip frequency, new trips never done before, etc.). Data gathered were used first of all to understand this phenomenon and then to estimate a mode choice model to reproduce/forecast modal share. Specifically the choice between car and rail was modelled through a schedule based approach and with a Nested Logit model with the “train” utility function including late and early penalties. 相似文献
8.
We demonstrate that in models where agents have concerns for status the model predictions can drastically change depending on whether status is modelled as an ordinal or cardinal magnitude. As a proof, we show that two well known theoretical findings are not robust to the substitution of ordinal status with cardinal status [Frank, R.H., The Demand for Unobservable and Other Positional Goods. American Economic Review, (75):101–116, 1985.] and viceversa [Clark, A. and Oswald, R.J., Comparison-Concave Utility and Following Behavior in Social and Economic Settings. Journal of Public Economics, (70):133–155, 1998.]. 相似文献
9.
Ennio Badolati 《North American actuarial journal : NAAJ》2017,21(2):193-203
In this article, we discuss some of the first contributions due to Harald Cramér to Collective Risk Theory. We examine the introduction and the use of a particular ruin function that nowadays has been lost even if, as we will see, it has many points in common with the severity of ruin. 相似文献
10.
The Review of Austrian Economics - Austrian economists have had mostly mixed feelings about transaction costs-based theories of the organization of economic activities. We argue that the two... 相似文献