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Micro-Economic Models of Problem Choice in Basic Science [chapter]

Joseph D. Sneed
1989 Philosophy of Economics  
Research planning is conceived of as a resource allocation decision in which resources are being allocated to activities directed toward the solution of basic scientific problems.  ...  A micro-economic approach to the problem of resource allocation suggests that it may be fully understood in terms of values (or utilities) and probabilities attached to the solution of the problems by  ...  To begin, let us conceptualize problem choice as a resource allocation problem--one chooses to work on a problem by allocating resources to it.  ... 
doi:10.1007/978-94-009-2319-5_12 fatcat:lto3ciou4zc6zkhhkg5e453ajm

Top Downloads in IEEE Xplore [Reader's Choice]

Chungshui Zhang
2017 IEEE Signal Processing Magazine  
They also showed how the optimal resource allocation involves a joint allocation of radio and computation resources, within a fully cross-layer approach. social makes automating vehicles an ultrahard problem  ...  It presents mea- surement-based statistical models of time of arrival, angle of arrival, and received signal strength and uses them to generate localization performance bounds.  ... 
doi:10.1109/msp.2016.2639138 fatcat:c22jyxu4hzanjirvdw22o5c6we

Public Education, Occupational Choice, and the Growth-Inequality Relationship

Huw Lloyd-Ellis
2000 International Economic Review  
I study the impacts of alternative allocations of public resources between basic and higher levels of education on enrollments, income distribution, and growth.  ...  This article develops a dynamic general equilibrium model in which the occupational structure of the economy drives a wedge between the social and private returns to schooling for some workers.  ...  Shifting resources toward basic education also has two dynamic effects via the distribution of income.  ... 
doi:10.1111/1468-2354.00060 fatcat:e5ytodgb6bggxc5wf4rsvtxu3i

Fair Allocation Rules [chapter]

William Thomson
2011 Handbook of Social Choice and Welfare  
These resources cannot be directly consumed but their initial distribution will in general affect the final allocation.  ...  If yes, the allocation is locally lower-extendable, and locally upper-extendable (respectively), in a population-monotonic way.  ...  36 Debreu, 23, 63 decentralizability, 46 Demange, 81, 84, 86, 87, 116 Demko, 99 Denicoló, 115 Diamantaras, 13, 19, [70] [71] [72] 78 Diamond, 62 domain, 6 Gale, 49, 81, 82, 84, 86, 87 Geanakoplos, 50 generalized  ... 
doi:10.1016/s0169-7218(10)00021-3 fatcat:gszxvhps3bagtjt5rq5ak5wisy

Corporate choice and individual values: using accounting to align incentives

John Christensen
2018 Business Research  
Corporate choice is expected to reflect rational behavior and yet there is much anecdotal evidence suggesting the opposite. Often the accounting system plays a major part in such stories.  ...  In conclusion, it is argued that the accrual accounting system more generally serves the purpose of aligning incentives.  ...  , and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.  ... 
doi:10.1007/s40685-018-0073-3 fatcat:vf5j7scwgrfbdk2muahttquy54

Strategyproof Social Choice [chapter]

Salvador Barberà
2011 Handbook of Social Choice and Welfare  
An important model in mechanism design is the one where compensations via money transfers are allowed.  ...  We still retain the case of two agents, since this (plus our focus on distributing all the resources) allows us to describe the full allocation once we know what one agent gets.  ... 
doi:10.1016/s0169-7218(10)00025-0 fatcat:yliruv2jpjbzdayfxf5qxe7rvq

M-DPOP: Faithful Distributed Implementation of Efficient Social Choice Problems

A. Petcu, B. Faltings, D. C. Parkes
2008 The Journal of Artificial Intelligence Research  
In this paper we model the social choice problem as a distributed constraint optimization problem (DCOP), in which each agent can communicate with other agents that share an interest in one or more variables  ...  faithful distributed implementation for efficient social choice.  ...  Fifth International Joint Conference on Autonomous Agents and Multiagent Systems (AAMAS), 2006.  ... 
doi:10.1613/jair.2500 fatcat:m6zr6zg3s5fevhvhcfwjkyq2lm

Preference Handling in Combinatorial Domains: From AI to Social Choice

Yann Chevaleyre, Ulle Endriss, Jérôme Lang, Nicolas Maudet
2008 The AI Magazine  
After giving an overview of languages for compact representation of preferences, we discuss problems in voting in combinatorial domains, and then focus on multiagent resource allocation and fair division  ...  These issues belong to a larger field, known as computational social choice, that brings together ideas from AI and social choice theory, to investigate mechanisms for collective decision making from a  ...  The work of the other three authors has been partially supported by the French ANR project "Preference Handling and Aggregation in Combinatorial Domains".  ... 
doi:10.1609/aimag.v29i4.2201 fatcat:csbkqo4bx5ec5ntcmaywnrzzzy

Factor-specific technology choice

Jakub Growiec
2018 Journal of Mathematical Economics  
Acknowledgment The author thanks Miguel León-Ledesma, Michał Lewandowski, Vladimir Matveenko, Ingmar Schumacher, Joanna Tyrowicz and Łukasz Woźny for their helpful comments and suggestions.  ...  The views presented in this article belong to the author and have not been endorsed by NBP. All remaining errors are entirely the author's fault.  ...  technology choice problems arise naturally when studying the substitutability between exhaustible resources and accumulable physical capital (or renewable resources, cf.  ... 
doi:10.1016/j.jmateco.2018.05.004 fatcat:532rbro7prccbhymxct6rfm7re

Comparison of Discrete Choice Models for Economic Environmental Research

Ondřej Vojáček, Iva Pecáková
2010 Prague Economic Papers  
Our results indicate that the yielded value estimates using the choice experiment method and discrete choice models are applicable in expert support of decision-making on allocation of public resources  ...  In the paper the discrete choice models are discussed and applied based on empirical data.  ...  The solution offered by neo-classical environmental economics is a governmental intervention, typically in the form of allocating public funds to such goods.  ... 
doi:10.18267/j.pep.363 fatcat:4nr74yernrb6vgllamjpii6lye

Computational Social Choice: Theory and Applications (Dagstuhl Seminar 15241)

Craig Boutilier, Britta Dorn, Nicolas Maudet, Vincent Merlin, Marc Herbstritt
2016 Dagstuhl Reports  
This report documents the program and the outcomes of Dagstuhl Seminar 15241 "Computational Social Choice: Theory and Applications".  ...  The seminar featured a mixture of classic scientific talks (including three overview talks), open problem presentations, working group sessions, and five-minute contributions ("rump session").  ...  Pnyx, a tool for preference aggregation, was presented by Christian Geist, and Nicolas Mattei reported on PrefLib, a reference library of preference data and links.  ... 
doi:10.4230/dagrep.5.6.1 dblp:journals/dagstuhl-reports/BoutilierDMM15 fatcat:shjhvv4u5nfktdgfwlntjrfg6i

Default and 1/N Heuristics in Annuity Choice

Hazel Bateman, Christine Eckert, Fedor Iskhakov, Jordan J. Louviere, Stephen E. Satchell, Susan Thorp
2013 Social Science Research Network  
We use a finite mixture model to show the extent to which specific consumer groups follow simplified choice heuristics, and profile members of the groups.  ...  This paper focuses on choices of life annuities by separating consumers' preferences from their use of default options and the 1/n heuristic in an online allocation task experiment.  ...  Consistent with the general notion that reduced cognitive resources lead to increased use of heuristics (De Neys 2006; Shah and Oppenheimer 2008), we found lower domain knowledge (reflected in lower basic  ... 
doi:10.2139/ssrn.2409519 fatcat:mkwenqpkafbrzjdw6brg464ezy

The drivers of interregional policy choices: Evidence from Italy

Fabio Padovano
2012 European Journal of Political Economy  
Combined, these two developments create a degrees of freedom problem and make cross country samples less meaningful.  ...  Theoretical developments in public choice analyses of intergovernmental transfers identify several factors previously ignored in the empirical literature and emphasize the importance of institutional details  ...  a role for central taxation and regional distribution via grants-in-aid (Inman and Rubinfeld, 1996; Oates, 1999) .  ... 
doi:10.1016/j.ejpoleco.2012.01.003 fatcat:ag5leqbgvraoxjt6v5etdppbyi

The Poor, the Rich and the Enforcer: Institutional Choice and Growth

Erwan Quintin, Cyril Monnet, Thorsten Koeppl
2008 Federal Reserve Bank of Dallas, Working Papers  
We study economies where improving the quality of institutions -modeled as improving contract enforcement -requires resources, but enables trade that raises output by reducing the dispersion of marginal  ...  In addition, we show that institutional investments lead over time to a progressive reduction in inequality.  ...  To see this, it is necessary to augment our basic static model to include heterogeneity in both physical and human capital.  ... 
doi:10.24149/wp0801 fatcat:dlkgjurkczcwpc5z6j42v7mnae

Modelling South Africa's fiscal choices: Cliff or plateau?

Jannie Rossouw, Fanie Joubert, Adèle Breytenbach
2016 Tydskrif vir Geesteswetenskappe  
General public services Outcome 12: an efficient, effective and development-oriented public service, is a core goal of government generally, with specific responsibilities distributed among several national  ...  Medium-term allocations to local government support this call by funding the infrastructure needed to deliver basic services and to subsidise the provision of free basic services.  ...  This translates to a reduction of baseline allocations for local government conditional grants of R920.6 million in 2015/16 and R1.4 billion in 2016/17.  ... 
doi:10.17159/2224-7912/2016/v56n2-2a2 fatcat:j7q7l4wh35fr7dl5uqeaxdaxgy
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