Cowles Foundation for Research in Economics
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  • Publication
    The Risk Protection Value Of “Moral Hazard”
    … manifestation of “moral hazard” is typ ically viewed as a social cost of insurance. Within a standard model, this paper … result in a major loss of risk protection, on-net reducing social welfare in some cases. Our results suggest that …
    Relevance: 97.893074
  • News Item
    A Toolkit to Better Model Consumer Choice using Unstructured Data
    … the impact of a corporate merger to evaluating school choice policy, or for making assortment decisions in online … To make the information usable in models of consumer choice, the economist must first quantify this qualitative … can vary greatly from one algorithm to another. A poor choice of algorithm, and therefore a poor proxy, can …
    Relevance: 60.77952
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  • Publication
    The Emergence of Social Choice at the Cowles Commission, 1948-1952: Arrow's Social Choice and Individual Values in Context
    … The Emergence of Social Choice at the Cowles Commission, 1948-1952: Arrow's Social Choice and Individual Values in Context … The Emergence of Social Choice at the Cowles Commission, 1948-1952: Arrow's Social Choice and Individual Values in Context … of Social Choice at the Cowles Commission, 1948-1952: Arrow's Social Choice and Individual Values in Context …
    Relevance: 57.81838
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  • News Item
    How Cowles Discussion Papers Shaped Modern Economics
    … series’ influence is found in the early work of Kenneth Arrow. Today, Arrow’s “Impossibility Theorem” is recognized … Long before the theorem appeared in his 1951 monograph Social Choice and Individual Values, its core arguments were …
    Relevance: 45.241753
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  • Publication
    Social Choice and Individual Values
    … Social Choice and Individual Values … Social Choice and Individual Values … Social Choice and Individual Values …
    Relevance: 38.896805
  • Publication
    Social Choice and Individual Values, 2nd ed
    … Social Choice and Individual Values, 2nd ed … Social Choice and Individual Values, 2nd ed Preliminary Pages [i-xi] Chapter 1 … Kenneth J. Arrow … Social Choice and Individual Values, 2nd ed …
    Relevance: 37.410053
  • Publication
    Social Choice and Individual Values, 1st ed.
    … Social Choice and Individual Values, 1st ed. … Social Choice and Individual Values, 1st ed. Preliminary Pages [i-xi] Chapter 1 … Kenneth J. Arrow … Social Choice and Individual Values, 1st ed. …
    Relevance: 37.128918
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    Theorems of Arrow and Harsanyi: Fifty Years Later
    … Theorems of Arrow and Harsanyi: Fifty Years Later … Theorems of Arrow and Harsanyi: Fifty Years Later brand October 4-5, 2002 … Breakfast 9:00 John Geanakoplos, "Three Brief Proofs of Arrow’s Impossibility Theorem" 10:30 Dov Samet, "Between … Lunch 2:00 Rakesh Vohra, "Integer Programming and Arrovian Social Welfare Functions" (with Jay Sethuraman and Teo Chung …
    Relevance: 36.53603
  • News Item
    Yale economist examines cost and value of higher ed
    … starting college and the factors it depends on, such as an individual’s aptitude, family background, or high school … taxes,” he said. Second, they should consider a field’s social value. “We need social workers, teachers, and artists,” he said. “We need … taxes,” he said. Second, they should consider a field’s social value. “We need social workers, teachers, and …
    Relevance: 29.018879
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  • News Item
    Fabrizio Zilibotti on How Economics Shapes Parenting
    … and constraints determines, or at least co-determines, the choice of parenting style. How does inequality influence … There is data available at the international level and for individual countries that demonstrates the values that … less economically segregated because parents from all social classes could take advantage of it. In Sweden, I …
    Relevance: 26.14604
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  • Basic page
    From the Archives
    … Econ 204 Jacob Marschak, “Taxation and Entrepreneur’s Choice” (with acknowledgements to K. Arrow) (July 24, 1947) [8pp] Econ 205 Evsey D. Domar, “Some … of K. J. Arrow’s Paper on ‘The Possibility of a Universal Social Welfare Function,’ pp. 10-11” (December 10, 1948) …
    Relevance: 24.3402
  • Person
    Kaivan Munshi
    … research career has been devoted to the analysis of social institutions and their interaction with economic … Studies. He was the recipient of the Infosys Prize in the Social Sciences in 2016. Munshi’s long-term research program … norms and community-based networks have large effects on individual decisions and outcomes in developing economies. …
    Relevance: 23.721018
    Kaivan Munshi