I describe a goodness-of-fit measure for revealed preference tests. This index can be used to measure the degree to which an economic agent violates the model of utility maximization. I calculate the violation indices for a 38 consumers and find that the observed choice behavior is very close to optimizing behavior.

A multiplex is a kind of urban cultural facilities which not only has several different rooms for showing films, but also provides other services such as a wide range of food and drink stores and free/easy available parking. Multiplexes have significant cultural, economic and social characteristics. Given the importance and advantages of multiplexes, several multiplex buildings have been built ...

Economies are instances of complex socio-technical systems that are shaped by the interactions of large numbers of individuals. The individual behavior and decision-making of consumer agents is determined by complex psychological dynamics that include their own assessment of present and future economic conditions as well as those of others, potentially leading to feedback loops that affect the ...

This article examines the current social and economic performance of South African national integral grouping SADC (Southern African Development Community). It analyzes the latest economic development in the SADC countries by looking at the GDP development and the development of several fundamental socio-political indicators that have an important impact on the stability and sustainable develop...

Several attempts have recently been made to identify the key indicators of community resilience and to group them into an overall resilience index. These studies support the evaluation of the effectiveness of resilience during recovery, and they also help establish a yardstick by which to monitor progress in resilience enhancement over time. We examine existing resilience indices in relation to...

resources’ scarcity, especially in developing countries, has caused allocation essentially among competing activities to create value. the importance of resource allocation would be more understood if we pay attention to growing complexity in societies and economic development problems they face. in the context of the national economic development literature, the notion of “key or critical sect...

We use recently developed procedures to decompose German Lorenz curves for post-government incomes among East Germans, West Germans, and foreign guest workers after German unification. The decomposed Lorenz ordinates permit us to construct interdistributional Lorenz curves, which in turn allow dominance comparisons of changes in economic advantage in different years. Using interdistributional G...

As a rule, the source information and methods used for construction of many indices have specifics that allow authors experts to consider these indexes as original recommend them use in solving number management tasks. However, comparative analysis such sometimes shows despite peculiar names calculation, some do not significant statistical differences. This paper presents an approach allows us ...