Basu and Van (1998) present a fundamental framework of child labor with two important axioms: the luxury axiom and the substitution axiom. A number of empirical studies, however, reveal a “wealth paradox”. The current paper has two aims. First, it develops a model that provides an explanation for “the wealth paradox” in light of the luxury axiom and the substitution axiom. Second, it helps unde...

In the present paper, we introduce the fuzzy Nehring axiom, fuzzy Sen axiom and weaker form of the weak fuzzycongruence axiom. We establish interrelations between these axioms and their relation with fuzzy Chernoff axiom. Weexpress full rationality of a fuzzy choice function using these axioms along with the fuzzy Chernoff axiom.

philosophers from one hand take the “al-vahed” axiom for granted, and on the other hand, they assume that the almighty to be of absolute power. now the question is whether: this is at odds with the “al- vahed” axiom? how can we accept at the same time the absolute power of the almighty and the “al-vahed” axiom? we should say here: majority of philosophers, mystics and kalam specialists have cla...

In this paper we first intend to examine the probability of falling into the realm of child labor by using conditional probability theorem. Furthermore, we will compare the extent of each factor’s effect on boys and girls using a TOBIT regression model. Finally we will analyze aspects of Iran’s labor market to assess the future ahead of the children who work at present. As the results will show...

In this paper, the Urysohn and completely Hausdorff axioms in general topology are generalized to L-topological spaces so as to be compatible with pointwise metrics. Some properties and characterizations are also derived

The luxury concept has throughout history played an important role in social life by being a clear indicator of knowledge and social class which has not changed at present but only becoming catchier. Today, the demand for luxury brands is ever increasing and brand offering is continuously on the rise.The luxury market is expanding rapidly in India on the back of economic deregulation, fast GDP ...

in this paper, the urysohn and completely hausdorff axioms in general topology are generalized to l-topological spaces so as to be compatible with pointwise metrics. some properties and characterizations are also derived

Several axioms concerning probabilistic beliefs are examined here, and the relations between them are established, using belief spaces that generalize Harsanyi type spaces. Two axioms concerning highorder probabilistic beliefs are investigated in particular. The first is the triviality axiom, which says that one is certain (that is, has a belief of degree one) of one’s own beliefs. The second i...