Advances in Public Economics: Utility, Choice and Welfare

1. Front Matter

   Pages i-viii

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2. Competition, Welfare, and Competition Policy

   • Kotaro Suzumura

   Pages 1-15

3. In What Sense is the Nash Solution Fair?

   • Walter Trockel

   Pages 17-30

4. Utility Invariance in Non-Cooperative Games

   • Peter J. Hammond

   Pages 31-50

5. Compensated Demand and Inverse Demand Functions: A Duality Approach

   • Susanne Fuchs-Seliger

   Pages 51-60

6. Shadow Prices for a Nonconvex Public Technology in the Presence of Private Constant Returns

   • John A. Weymark

   Pages 61-71

7. A Glance at Some Fundamental Public Economics Issues Through a Parametric Lens

   • Christos Koulovatianos

   Pages 73-104

8. Rent Seeking in Public Procurement

   • Dieter BöS, Martin Kolmar

   Pages 105-118

9. A New Subjective Approach to Equivalence Scales: An Empirical Investigation

   • Carsten Schröder, Ulrich Schmidt

   Pages 119-134

10. Utility Independence In Health Profiles: An Empirical Study

    • Ana M. Guerrero, Carmen Herrero

    Pages 135-150

11. Constructing a Preference-Oriented Index of Environmental Quality

    • Michael Ahlheim, Oliver Frör

    Pages 151-172

12. Measuring and Evaluating Intergenerational Mobility: Evidence from Students’ Questionnaires

    • Michele Bernasconi, Valentino Dardanoni

    Pages 173-196

13. Equity, Fiscal Equalization, and Fiscal Mobility

    • Stefan Traub

    Pages 197-211

14. Comparing Theories: What are We Looking for?

    • John D. Hey

    Pages 213-234

15. Overbidding in First Price Private Value Auctions Revisited: Implications of a Multi-Unit Auctions Experiment

    • Veronika Grimm, Dirk Engelmann

    Pages 235-254

16. Modelling Judgmental Forecasts under Tabular and Graphical Data Presentation Formats

    • Otwin Becker, Johannes Leitner, Ulrike Leopold-Wildburger

    Pages 255-266

17. Understanding Conjunction Fallacies: An Evidence Theory Model of Representativeness

    • Hans Wolfgang Brachinger

    Pages 267-288

18. The Riskless Utility Mapping of Expected Utility and All Theories Imposing the Dominance Principle: Its Inability to Include Loans, Commitments Even with Fully Described Decision Trees

    • Robin Pope

    Pages 289-327

This Festschrift in honor ofChristian Seidl combines a group of prominent authors who are experts in areas like public economics, welfare economic, decision theory, and experimental economics in a unique volume. Christian Seidl who has edited together with Salvador Barber` a ` and Peter Hammond the Handbook of Utility Theory (appearing at Kluwer Academic Publishers/Springer Economics), has dedicated most of his research to utility and decision theory, social choice theory, welfare economics, and public economics. During the last decade, he has turned part of his attention to a research tool that is increasingly gaining in importance in economics: the laboratory experiment. This volume is an attempt to illuminate all facets of Christian Seidl’s ambitious research agenda by presenting a collection of both theoretical and expe- mental papers on Utility,Choice,andWelfare written by his closest friends, former students, and much valued colleagues. Christian Seidl was born on August 5, 1940, in Vienna, Austria. Beginning Winter term 1962/63, he studied Economics and Business Administration at the Vienna School of Economics (then “Hochschule fff¨ ur ¨ Welthandel”). 1966 he was awarded an MBA by the Vienna School of Economics and 1969 a doctoral degree in Economics. In October 1968 Christian became a research assistant at the Institute of Economics at the University of Vienna. 1973 he acquired his habilitation (right to teach) in Economics — supervised by Wilhelm Weber — from the Department of Law and Economics of the University of Vienna. He was awarded the Dr.

• Economics
• Festschrift
• Paraplusig
• Public
• Seidl
• decision theory
• modeling

• University of Hannover, Germany

  Ulrich Schmidt

• University of Kiel, Germany

  Stefan Traub

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