J Silvestre - Journal of Economic Literature, 1993 - JSTOR
THE PREDOMINANT THEORY of markets, namely the Walrasian or Arrow Debreu model of
general competitive equilibrium, implies that unemployment never appears and that
economic policy never has universally good effects. First, it postulates that the supply and ...
L Putterman, JE Roemer… - Journal of Economic Literature, 1998 - JSTOR
International political events of the past two decades have led many observers, both
amateur and professional, to conclude that the egalitarian experiments of the twentieth
century are finished and failed, and, moreover, that no similarly motivated experiments will ...
JA Azevedo, MEO Santos Costa… - European Journal of …, 1993 - Elsevier
A Mas-Colell… - Journal of Economic Theory, 1989 - Elsevier
Abstract We offer a new formalization of Lindahl's equilibrium notion for public goods which
yields an endogenous theory of profit distribution in line with the benefit approach to
taxation. Increasing returns in the production of public goods are not a priori excluded. Our ...
[CITATION] General equilibrium
LW McKenzie, FM Fisher, J Geanakoplos, FH Hahn… - 1989 - Macmillan
A Bosch-Domènech… - Economics Letters, 1999 - Elsevier
Our subjects were given a list of seven amounts of money, to be called Initial Experimental
Incomes, or IEI's. They were asked whether or not they would insure them. We wanted to learn
in what way the willingness to insure an IEI may depend on its amount. If we may identify ...
E Roemer John… - Journal of Economic Theory, 1993 - Elsevier
Abstract We ask: how should a planner, whose job is to respect public ownership of some
productive assets, in conjunction with private ownership of some inputs, allocate resources?
We call our proposal the Proportional Solution. It is characterized by the requirement that ...
[CITATION] Economies and diseconomies of scale
J Silvestre - The New Palgrave: A Dictionary of …, 1987 - Macmillan and Stockton London
A Bosch-Domènech… - Journal of Risk and Uncertainty, 2006 - Springer
Abstract What determines risk attraction or aversion? We experimentally examine three
factors: the gain-loss dichotomy, the probabilities (0.2 vs. 0.8), and the money at risk (7
amounts). We find that the majority display risk attraction for small amounts of money, and ...
J Silvestre - Journal of Economic Theory, 1982 - ideas.repec.org
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view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
J Silvestre - Journal of Economic theory, 1977 - ideas.repec.org
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view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
J Silvestre - The Economic Journal, 1990 - JSTOR
Is unemployment always caused by union power, or, more generally, downwards rigidity of
wages? The influential article by Hart (i 982) says' Yes': there cannot be unemployment
unless labour unions prevent wages from falling.'The more recent papers by D'Aspremont ...
J Silvestre - Annales d'Economie et de Statistique, 1995 - JSTOR
Earlier work on the market-power foundations of macroeconomics (see Silvestre, Journal of
Economic Literature, 1993) adopted static or temporary equilibrium models. This paper
surveys the more recent litterature, which is explicitly dynamic (models of overlapping ...
A Bosch-Domènech… - Institutions, Equilibria and Efficiency, 2006 - Springer
Are poor people more or less likely to take money risks than wealthy folks? We find that risk
attraction is more prevalent among the wealthy when the amounts of money at risk are small
(not surprising, since ten dollars is a smaller amount for a wealthy person than for a poor ...
J Silvestre - The Scandinavian Journal of Economics, 2003 - Wiley Online Library
Wicksell's and Lindahl's ideas on public goods and decisions are reviewed in light of later
developments in the theoretical economics literature. I begin by discussing their normative
ideals, in particular the notion of justness, and the sources of the difficulties in reaching ...
J Silvestre - European Economic Review, 1988 - Elsevier
Any movement away from Walrasian prices will make somebody worse off. We ask: Which
other prices share this property? The paper characterizes the set of such prices, called
'undominated prices', for the three good economy (output, labor and a nonproduced good) ...
J Silvestre - Econometrica: Journal of the Econometric Society, 1985 - JSTOR
Let E be a private ownership economy. Call an allocation w" voluntary for a price vector p" if
no agent can benefit by trading less at p. We prove that, under differentiability and interiority,
if w is voluntary and Pareto efficient it is a competitive equilibrium for E. Perhaps ...
[CITATION] Investment policy and market socialism
JE Roemer… - Bardhan and Roemer, ed., Market Socialism, 1993
JE Roemer… - Journal of Public Economic Theory, 2002 - Wiley Online Library
The empirical nonequivalence between grants by a central government and increases in
community income (the “flypaper effect”) has been considered anomalous. But the
“anomaly” label is naïve: in a multiconsumer community, equivalence demands an ...
A Bosch‐Domènech… - The Economic Journal, 1997 - Wiley Online Library
Our work attempts to investigate the influence of credit tightness or expansion on activity and
relative prices in a multimarket set-up. We report on some double-auction, two-market
experiments where subjects had to satisfy an inequality involving the use of credit. The ...
H Llavador, JE Roemer… - Journal of Mathematical …, 2010 - works.bepress.com
Abstract Let there be a positive (exogenous) probability that, at each date, the human
species will disappear. We postulate an Ethical Observer (EO) who maximizes intertemporal
welfare under this uncertainty, with expected-utility preferences. Various social welfare ...
J Silvestre - Econometrica: Journal of the Econometric Society, 1978 - JSTOR
Arrow and Hahn's book General Competitive Analysis offers (Section 6.4) an existence
theorem for non-competitive general equilibrium. Their formulation is apparently very
general, but it becomes seriously restrictive in the presence of increasing returns to scale. ...
A Mas-Colell… - Journal of Economic Theory, 1991 - Elsevier
Abstract The contributions of [1.], 303–306) and [4.], 239–256) have studied the implications
of two unanimity principles when a firm is owned by the consumers. Interestingly, both
approaches lead to what [5.]) call proportional allocations. We compare these approaches ...
J Silvestre - International Economic Review, 1977 - JSTOR
It is often asserted that technological (ie, based on increasing returns to scale) barriers to
entry constitute a basis for monopoly. The problem of existence of monopolistic general
equilibrium under increasing returns seems, however, to be incompletely solved. ...
J Silvestre - Working Papers, 1994 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your
bookmarks. An Efficiency Argument for Sustainable Use. Joaquim Silvestre. Working
Papers from California Davis - Institute of Governmental Affairs. ...
J Silvestre - Journal of Economic Theory, 1983 - Elsevier
Abstract The paper compares the definitions of Fixprice Equilibrium for productive convex
economies due to Drèze, Benassy, and Malinvaud-Younès. It turns out that Drèze's (resp.,
Malinvaud-Younès') notion is the strictest (resp. least strict) one. The three notions are, ...
JE Roemer… - Journal of public economics, 1992 - Elsevier
Abstract The cost function of a monopoly is C (q)= K+ θq, where θ is unknown to the
regulator. We evaluate various ownership and regulation regimes in terms of social welfare,
determined by both the amount of total surplus and its distribution. Maximal welfare is ...
A Bosch i Domènech… - 2007 - papers.ssrn.com
Abstract: In Selten (1967)" Strategy Method," the second mover in the game submits a
complete strategy. This basic idea has been exported to nonstrategic experiments, where a
participant reports a complete list of contingent decisions, one for each situation or state in ...
J Silvestre - Social Choice and Welfare, 2002 - Springer
Abstract. I argue the compatibility of progress with Rawls's maximin principle when applied
to individual utility functions which are “nonaltruistic” in the sense that any transfer of
consumption goods from old to young (resp. from young to old) lowers (resp. increases) ...
H Llavador, JE Roemer… - … Discussion Paper No. 1673, 2009 - papers.ssrn.com
An author index to the working papers in the Cowles Foundation Discussion Paper Series is
located at: http://cowles.econ.yale.edu/P/au/index.htm ... This paper can be downloaded without
charge from the Social Science Research Network Electronic Paper Collection: http://ssrn. ...
I Ortuna-Ortin, JE Roemer… - Papers, 1990 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
J Silvestre - Journal of Public Economics, 1984 - Elsevier
Abstract This paper presents a characterization of Lindahl allocations which makes no
reference to personalized prices. Lindahl equilibria are characterized here by two
conditions: Pareto efficiency and a voluntariness condition. Voluntariness requires that no ...
A Bosch-Domènech… - Economics Working Papers, 2006 - ideas.repec.org
We experimentally question the assertion of Prospect Theory that people display risk
attraction in choices involving high-probability losses. Indeed, our experimental participants
tend to avoid fair risks for large (up to€ 90), high-probability (80%) losses. Our research ...
J Roemer, J Silvestre - Working Papers, 1990 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
MARKET SOCIALISM. . Ortuna-Ortin, John Roemer () and Joaquim Silvestre. Working
Papers from California Davis - Institute of Governmental Affairs. ...
A Leijoneufvus, J Silvestre i Benach… - 1976 - dialnet.unirioja.es
... Análisis de Keynes y de la economía Keynesiana un estudio de teoría monetaria. Información
General. Autores: Axel Leijoneufvus, Joaquim Silvestre i Benach, Juan María Esteban Morquillas;
Editores: Vicens Vives; Año de publicación: 1976; País: España; ...
[CITATION] Intergenerational equity and human development
J Silvestre - IEA CONFERENCE VOLUME …, 2007 - … Press; New York; St Martin's Press; …
[CITATION] «Notes on the Non-Walrasian Approach to Macroeconomics»
J Silvestre - 1992): Macroeconomics. A Survey of Research …, 1992
P Madden… - The Scandinavian Journal of Economics, 1991 - JSTOR
It is possible, in principle, that the price-quantity pair generated by a model of imperfect
competition may satisfy the conditions (voluntary trading and absence of frictions) for a
fixprice equilibrium. It is shown that imperfect competitors will typically satisfy voluntary ...
H Llavador, JE Roemer… - Journal of Public Economics, 2011 - Elsevier
Climate science indicates that climate stabilization requires low GHG emissions. Is this
consistent with nondecreasing human welfare? Our welfare or utility index emphasizes
education, knowledge, and the environment. We construct and calibrate a ...
[CITATION] Negotiable wages and prices in a disequilibrium model
J Silvestre… - 1982 - Asociacion Sudeuropea de …
P Madden… - The Scandinavian Journal of Economics, 1992 - JSTOR
The general question posed here and in a companion paper'is: under what conditions do
models of imperfect competition generate equilibria which are also fixprice equilibria?
Answers to this question are provided for the Cournot-Walras general equilibrium model ...
J Silvestre - Economic Theory, 2002 - Springer
Summary. Starr (1973) showed that, if people have different subjective probabilities, ex ante
and ex post efficiency conflict. Conversely, under the simple preferences that he considered,
the discrepancy between ex ante and ex post efficiency disappears when subjective ...
H Llavador, JE Roemer, J Silvestre i Benach - 2011 - recercat.net
We postulate a two-region world, comprised of North (calibrated after the US) and South
(calibrated after China). Our optimization results show the compatibility of the following three
desiderata:(1) Global CO2 emissions follow a conservative path that leads to the ...
P Madden… - Papers, 1988 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
A Bosch-Domčnech… - Economics Letters, 2010 - Elsevier
Prospect Theory asserts that people display risk attraction in high-probability losses. But our
subjects tend to avoid fair risks for large (€ 30 to€ 90), high-probability (80%) real losses,
vindicating Bernoulli's view that risk aversion is the dominant attitude.
J Silvestre - The Review of Economic Studies, 1982 - restud.oxfordjournals.org
Abstract Can we state that at a given Benassy Fixprice Allocation z* there is, say, excess
effective demand for a commodity? It turns out that in productive economies there may be
ambiguities in the sign of excess effective demand: different effective demand vectors with ...
J Silvestre - International Economic Review, 1983 - JSTOR
We illustrate (Section 2) a peculiar fact which appears in Fixprice Theory only when there
are produced inputs: one may then find allocations which satisfy the usual definitions of
Fixprice Equilibrium2 but where nevertheless profit incentives exist for using ...
[CITATION] forthcoming." Investment Planning in Market Socialism."
I Ortuno-Ortin, J Roemer… - The Microfoundations of Political Economy: Problems …
J Roemer, J Silvestre, H Liu… - Working Papers, 2000 - ideas.repec.org
An in-kind subsidy is equivalent, both theoretically and empirically, to an increase of income
for an individual consumer. But the equivalence does not empirically carry over to in-kind
grants by a central government to a local one: this has been seen as an anomaly and ...
J Silvestre - Working Papers, 1995 - economics.ucdavis.edu
The quasilinearity assumption (informally speaking, the assumption that utility is linear in the
numeraire good, or that income effects are absent from the demand of nonnumeraire goods)
makes surplus analysis exact in economies where all agents are contemporaneous. ...
J Silvestre - Papers, 1990 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
A Bosch-Domènech… - Advances in mathematical economics, 2006 - Springer
Kahneman and Tversky asserted a fundamental asymmetry between gains and losses,
namely a? reflection effect? which occurs when an individual prefers a sure gain of< i>
pz</i> to an uncertain gain of pzto an uncertain gain of zwith probabilityp, while preferring ...
[CITATION] Distributing the Benefits from the Commons
J Silvestre - revision of the paper presented at" Inequality and the …, 1993
J Silvestre - Papers, 1988 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
H Llavador, J Roemer… - Human Development Research …, 2011 - 78.136.31.142
Abstract Mankind must cooperate to reduce greenhouse gas (GHG) emissions to prevent a
catastrophic rise in global temperature, with its concomitant effects on sea level, rainfall,
drought, storms, agricultural production, and human migration. What is the appropriate ...
A Bosch i Domènech… - 2003 - papers.ssrn.com
Abstract: We test whether risk attitudes change when losses instead of gains are involved.
The study of gain-loss asymmetries has been largely confined to" reflected" choices, where
all the money amounts of a positive prospect are multiplied by minus one. We define the ...
JS i BENACH - Investigaciones Económicas, 1994 - funep.es
The text, based on the 1990 Germán Bemácer Lectures at the University of A laçant,
addresses the question of how should goods and resources be allocated in an economy
where the technology is publicly owned and the labor input is privately owned. A solution ...
[CITATION] A efficiency argument for sustainable use
J Silvestre i Benach - Property relations, incentives and welfare, 1997
JA Mirrlees, DF Hendry, AN Bomfim… - The Economic …, 1997 - res.org.uk
[CITATION] A Model of General Equilibrium with Price-setting Behavior
J Silvestre-Benach - 1973 - University of Minnesota.
J Roemer, J Silvestre - Working Papers, 1990 - econpapers.repec.org
... Please update your bookmarks. APPENDIX TO "MARKET SOCIALISM". . Ortuno-Ortin, John
Roemer () and Joaquim Silvestre Authors registered in the RePEc Author Service: Ignacio Ortuno
Ortin. Working Papers from California Davis - Institute of Governmental Affairs. ...
[CITATION] 2 Negishi's vision
J Silvestre - A history of economic theory: essays in honour of …, 2009 - Taylor & Francis
AB i Domènech… - papers.ssrn.com
Abstract: We experimentally question the assertion of Prospect Theory that people display
risk attraction in choices involving high-probability losses. Indeed, our experimental
participants tend to avoid fair risks for large (up to 90), high-probability (80%) losses. Our ...
A Bosch-Domènech… - econ.ku.dk
The participants in a September 2002 Workshop on Topics in Mathematical Economics in honor
of Birgit Grodal decided to have a series of papers appear on Birgit Grodal's 60'th birthday, June
24, 2003. ... The Institute of Economics suggested that the papers became Discussion ...
A Bosch, J Silvestre i Benach - 2005 - recercat.net
... by Antoni Bosch-Domènech Universitat Pompeu Fabra <bosch@upf.es> and Joaquim Silvestre*
University of California, Davis <jbsilvestre@ucdavis.edu> May 1999 version * We are indebted
to Albert Satorra for the statistical analysis, and to Gary Charness and Robin ...
A Bosch, J Silvestre i Benach - Materia (s), 2005 - recercat.net
Are poor people more or less likely to take money risks than wealthy folks? We find that risk
attraction is more prevalent among the wealthy when the amounts of money at risk are small
(not surprising, since ten dollars is a smaller amount for a wealthy person than for a poor ...
J Silvestre… - Working Papers - ideas.repec.org
How can one tell whether academic research influences macroeconomic policy? One
possibility is to look at government documents that set forth macro policy. This paper looks
for such traces in US, European and Japanese documents. Because of ease of access it ...
A Bosch, JS i Benach - 2006 - recercat.net
Abstract: We experimentally question the assertion of Prospect Theory that people display
risk attraction in choices involving high-probability losses. Indeed, our experimental
participants tend to avoid fair risks for large (up to  90), high-probability (80%) losses. ...
J Silvestre - European Economic Review, 1994 - Elsevier
A Cournotian analysis shows that coordination problems may appear at negligible degrees of
market power only if either autarky is an equilibrium, or indirect demand fails to be well
defined. ... Hart, 1982 Oliver D. Hart, A model of imperfect competition with Keynesian ...
[CITATION] Market power in macroeconomic models: New developments
JS i Benach - 1994 - Universidad Carlos III de Madrid
[CITATION] Reflections on gains and losses [: three experiments
A Bosch, JS i Benach - 2002 - Universitat Pompeu Fabra
J Silvestre - The Scandinavian Journal of Economics, 1998 - Wiley Online Library
2. Abstract What should be the distribution of the benefits of a fishery (or common-pool
resource) where a group of fishers catch fish and sell it to consumers? I propose that, for
each person i, where i is a fisher or a consumer, i's returns should be proportional to i's ...
J Silvestre… - Working Papers - ideas.repec.org
Let there be a positive (exogenous) probability that, at each date, the human species will
disappear. We postulate an Ethical Observer (EO) who maximizes intertemporal welfare
under this uncertainty, with expected-utility preferences. Various social welfare criteria ...
J Silvestre - international-view.cat
When an economist wishes to evaluate policy, they first seek an understanding of what is
feasible and what is not. Second, they adopt a notion of individual welfare. Then they judge
feasible states by social welfare criteria which are based on the individual welfare of ...
H Llavador, JE Roemer… - econstor.eu
Zusammenfassung: Climate stabilization requires low GHG emissions. Is this consistent with
nondecreasing human welfare? Our welfare index, called quality of life (QuoL), emphasizes
education, knowledge, and the environment. We calibrate a multigenerational model with ...
J Silvestre - Journal of Economic Dynamics and Control, 2000 - directory.umm.ac.id
Abstract I extend surplus analysis to overlapping generations. In the atemporal quasilinear
model we have the &global equivalence principle': e $ ciency is equivalent to surplus
maximization, provided that the numeraire is unbounded from below. If it is not, then only a ...
J Silvestre, H Llavador… - 2009 - econ.ucdavis.edu
Department of Economics One Shields Avenue Davis, CA 95616 (530)752-0741 ... “A DYNAMIC
ANALYSIS OF HUMAN WELFARE IN A WARMING PLANET” ... Climate science indicates that
climate stabilization requires low GHG emissions. Is this ... Our welfare index, called ...
A Bosch i Domènech… - 1999 - papers.ssrn.com
... by Antoni Bosch-Domènech Universitat Pompeu Fabra <bosch@upf.es> and Joaquim Silvestre*
University of California, Davis <jbsilvestre@ucdavis.edu> May 1999 version * We are indebted
to Albert Satorra for the statistical analysis, and to Gary Charness and Robin ...
J Silvestre - SERIEs: Journal of the Spanish Economic Association, 2012 - Springer
Abstract Quasilinear preferences on a public good and a numeraire good are limits of
preferences where both goods are normal. The set of equilibria of the voluntary contribution
(or private provision) game is easily characterized under quasilinearity by: top valuators ...
[CITATION] Credit Constraints in General Equilibrium: Experimental Results
A Bosch, J Silvestre… - 1994 - Universitat Pompeu Fabra
J Silvestre - Revista española de economía, 1994 - dialnet.unirioja.es
... Public Ownership and Public Goods. Autores: Joaquim Silvestre; Localización: Revista española
de economía, ISSN 0210-1025, Vol. 11, Nº 1, 1994 , págs. 101-138. Fundación Dialnet. Acceso
de usuarios registrados. Acceso de usuarios registrados Usuario. Contraseña. Entrar ...
[CITATION] External diseconomies in the commons
J Silvestre - Trade, theory and econometrics, 1999
[CITATION] Reflections on Gains and Losses: Three Experiments
AB Domènech, J Silvestre… - 2002 - Universitat Pompeu Fabra
A Bosch… - 2010 - recolecta.net
Resumen In Selten (1967) Strategy Method, the second mover in the game submits a
complete strategy. This basic idea has been exported to nonstrategic experiments, where a
participant reports a complete list of contingent decisions, one for each situation or state in ...
[CITATION] Fixprice Analysis with Intermediate Goods
JS i Benach - 1980 - Departament de Teoria Econòmica, …
J Silvestre… - Working Papers (Universitat …, 2006 - dialnet.unirioja.es
Resumen: In Selten (1967)¿ Strategy Method,¿ the second mover in the game submits a
complete strategy. This basic idea has been exported to nonstrategic experiments, where a
participant reports a complete list of contingent decisions, one for each situation or state in ...
[CITATION] Negotiable Prices and Wages in a Fixprice Model
J Silvestre… - 1982 - Universitat Autonoma de Barcelona, …
J Silvestre… - Working Papers (Universitat …, 2006 - dialnet.unirioja.es
Resumen: We experimentally question the assertion of Prospect Theory that people display
risk attraction in choices involving high-probability losses. Indeed, our experimental
participants tend to avoid fair risks for large (up to¿ 90), high-probability (80%) losses. Our ...
A Bosch… - Working Papers (Universitat Pompeu …, 2005 - dialnet.unirioja.es
Resumen: Kahneman and Tversky asserted a fundamental asymmetry between gains and
losses, namely a¿ reflection effect¿ which occurs when an individual prefers a sure gain of $
pz to an uncertain gain of $ z with probability p, while preferring an uncertain loss of $ z ...
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