Although most applications of discounting occur in risky settings, the best-known axiomatic justifications are deterministic. This paper provides an axiomatic rationale for discounting in a stochastic framework. Consider a representation of time and risk preferences with a binary relation on a real vector space of vector-valued discrete-time stochastic processes on a probability space. Four axi...

If, because of trade-offs or similar considerations, components of fitness are negatively correlated in equilibrium populations, they may then exhibit no correlation with total fitness. Lack of correlation with fitness is a fundamental characteristic of selective neutrality. Hence, selectively important traits become subsumed under neutral traits when the definition of neutrality is extended to...

Newsvendor models are widely used in the literature, and usually based upon the assumption of risk neutrality. Recently there is a growing body of literature that attempts to use alternative risk preferences rather than risk neutrality to describe the newsvendor decision-making behavior. In this chapter, we provide an overview of newsvendor models with alternative risk preferences within the ex...

Studies on the Neutrality of Antihydrogen

The aim of this paper is to verify the hypothesis of money neutrality in the Italian experience. After a critical overview of the traditional techniques employed to verify this hypothesis, cointegration technique is used to verify: long-run neutrality, weak evidence of long-run superneutrality but absence of hyperneutrality. The absence of hyperneutrality implies that an acceleration of the gro...

Information-neutral recommender systems aim to make recommendations whose neutrality from the specified viewpoint is guaranteed. Such systems are developed for dissolving a filter bubble problem, which is the bias or restriction that provided to people by the influence of personalization technologies. Our previously developed system was not scalable because efficient optimization techniques cou...

This paper examines the mechanics of intertemporal information provision in dynastic governments. It has been suggested that “horizontal accountability,” i.e., a system of governance where cross-checking capabilities lie outside the executive branch, can ensure credible information transmission. The results here suggest a cautious approach to that view. Government is modelled as a dynastic sequ...

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This electronic file may not be altered in any way. The author(s) of this article is/are permitted to use this PDF file to generate printed copies to be used by way of offprints, for their personal use only. Permission is granted by the publishers to post this file on a closed server which is accessible to members (students and staff) only of the author’s/s’ institute, it is not permitted to po...

We first motivate a methodological approach to network economics research using tools from Industrial Organization (IO). We then demonstrate the utility of such models in light of an increasingly important problem of interconnection failures that includes network neutrality problem. In particular, we focus on a subset of the problem by focusing on direct interconnection failures when ISPs price...