Concept

Public choice

Related publications (82)

Corporate governance and capital structure dynamics

Erwan Morellec, Norman Schuerhoff, Boris Nikolov

We develop a dynamic tradeoff model to examine the importance of managershareholder conflicts in capital structure choice. In the model, firms face taxation, refinancing costs, and liquidation costs. Managers own a fraction of the firms equity, capture par ...

2012

Price Theory in Economics

Thomas Alois Weber

This paper reviews topics in price theory such as rational choice, Walrasian equilibria, complete and incomplete markets, externalities and nonmarket goods, strategic pricing with complete and incomplete information, and some behavioral anomalies. Contains ...

EPFL2012

Revisiting reference point formation, gains-losses asymmetry and non-linear sensitivities with an emphasis on attribute specific treatment

Amanda Blomberg Stathopoulos

In contrast with expected utility theory, empirical findings indicate that decision-makers are sensitive to departures from reference points rather than states. Several tests of the reference-dependent preference framework have been carried out in experime ...

Pergamon-Elsevier Science Ltd2012

Dual Representation Of Monotone Convex Functions On L-0

Gregor Svindland

We study monotone convex functions psi : L-0 (Omega, F, P) -> (-infinity, infinity] and derive a dual representation as well as conditions that ensure the existence of a sigma-additive subgradient. The results are motivated by applications in economic agen ...

2011

Heat pump integration in a cheese factory

François Maréchal, Helen Carla Becker

The aim of this work is to increase the efficiency of industrial processes by using pinch analysis and process design methods. The main goals are the reduction of energy consumption, of the corresponding operating costs and of CO2 emissions. In this contex ...

Aidic Servizi Srl, Via Giuseppe Colombo 81/A, Milano, Mi 20133, Italy2011

Two-Phase Online Calibration for Infrared-based Inter-Robot Positioning Modules

Alcherio Martinoli, Amanda Stella Markowska Prorok, Sven Adrian Gowal

Multi-robot systems can solve complex tasks that require the coordination of the team-member positions with respect to each other.While the development of ad-hoc relative positioning platforms embedding cheap off-the-shelf components is a practical choice, ...

Ieee Service Center, 445 Hoes Lane, Po Box 1331, Piscataway, Nj 08855-1331 Usa2011

Incentives for Answering Hypothetical Questions

Boi Faltings, Radu Jurca

Prediction markets and other reward mechanisms based on proper scoring rules can elicit accurate predictions about future events with public utcomes. However, many questions of public interest do not always have a clear answer. For example, facts such as t ...

2011

An analysis of the implicit choice set generation using the Constrained Multinomial Logit model

Michel Bierlaire, Gunnar Flötteröd, Ricardo Daniel Hurtubia González

Discrete choice models are defined conditional to the knowledge of the actual choice set by the analyst. The common practice for many years is to assume that individual-based choice sets can be deterministically generated based on the choice context and th ...

2010

An analysis of the implicit choice set generation using the Constrained Multinomial Logit model

Michel Bierlaire, Gunnar Flötteröd, Ricardo Daniel Hurtubia González

Discrete choice models are defined conditional to the analyst's knowledge of the actual choice set. The common practice for many years has been to assume that individual-based choice sets can be deterministically generated on the basis of the choice contex ...

2010

Analysis of Implicit Choice Set Generation Using a Constrained Multinomial Logit Model

Michel Bierlaire, Ricardo Daniel Hurtubia González

National Academy of Sciences2010

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