Advances in Public Economics: Utility, Choice And Welfare

by Schmidt, Ulrich; Traub, Stefan; Seidl, Christian

• ISBN13: 9780387257051
• ISBN10: 0387257055
• Format: Hardcover
• Copyright: 2005-11-10
• Publisher: Springer Verlag

Summary

"The Festschrift in honor of Christian Seidl" gathers a group of prominent authors being experts in areas like Public Economics, Welfare Economics, Social Choice Theory, Public Choice Theory, Decision Theory and Experimental Economics. Christian Seidl, known as one of the editors of the three-volume "Handbook of Utility Theory", has dedicated his research to utility-theoretic fundamentals, and the welfare implications of individual and group decision making. During the last decade, he has turned part of his attention to a research tool that has gained a lot of importance in economics: the laboratory experiment. The Advances in Public Economics: Utility Choice and Welfare is an attempt to illuminate all facets of Christian Seidl's research agenda by presenting an ambitious collection of both purely theoretical and experimental papers on utility, choice and welfare, written by his closest friends and colleagues.

Table of Contents

Preface	vii
Ulrich Schmidt
Stefan Traub
Competition, Welfare, and Competition Policy	1	(16)
Kotaro Suzumura
In What Sense is the Nash Solution Fair?	17	(14)
Walter Trockel
Utility Invariance in Non--Cooperative Games	31	(20)
Peter J. Hammond
Compensated Demand and Inverse Demand Functions: A Duality Approach	51	(10)
Susanne Fuchs-Seliger
Shadow Prices for a Nonconvex Public Technology in the Presence of Private Constant Returns	61	(12)
John A. Weymark
A Glance at Some Fundamental Public Economics Issues through a Parametric Lens	73	(32)
Christos Koulovatianos
Rent Seeking in Public Procurement	105	(14)
Dieter Bos
Martin Kolmar
A New Subjective Approach to Equivalence Scales: An Empirical Investigation	119	(16)
Carsten Schroder
Ulrich Schmidt
Utility Independence in Health Profiles: An Empirical Study	135	(16)
Ana M. Guerrero
Carmen Herrero
Constructing a Preference-oriented Index of Environmental Quality	151	(22)
Michael Ahlheim
Oliver Fror
Measuring and Evaluating Intergenerational Mobility: Evidence from Students' Questionnaires	173	(24)
Michele Bernasconi
Valentino Dardanoni
Equity, Fiscal Equalization, and Fiscal Mobility	197	(16)
Stefan Traub
Comparing Theories: What are We Looking For?	213	(22)
John Hey
Overbidding in First Price Private Value Auctions Revisited: Implications of a Multi-Unit Auctions Experiment	235	(20)
Veronika Grimm
Dirk Engelmann
Modelling Judgmental Forecasts under Tabular and Graphical Data Presentation Formats	255	(12)
Otwin Becker
Understanding Conjunction Fallacies: An Evidence Theory Model of Representativeness	267	(22)
Hans Wolfgang Brachinger
The Riskless Utility Mapping of Expected Utility and All Theories Imposing the Dominance Principle	289
Robin Pope