17 articles in this issue
Jurek Konieczny
This issue is dedicated to the memory of Tapan Biswas, who passed away on July 3, 2010. Tapan was a founding associate editor of the Review of Economic Analysis and a great colleague of many of people involved with the journal. The issue begin... see more
Gianluigi Pelloni
This issue is dedicated to the memory of Tapan Biswas.
Taradas Bandyopadhyay, Tapan Biswas
This paper examines the conditions under which the Marshallian type of cardinal utility function can be derived from a class of ordinal utility functions.
Tapan Biswas, Jolian McHardy
We consider fixed and asking price strategies in the context of selling an asset with Bernoullian updating of the seller’s subjective probability of sale at a given price. The determination of optimal fixed, asking and endogenous reservation pri... see more
We examine the effects of and the incentives for increasing input efficiency within a spatially segregated Cournot duopoly with monopoly trade unions whose utility functions depend on both wages and employment. We show that with neoclassical as well... see more
In an n x n economy, the relation between commodity prices and factor prices has been presented in terms of finite variations. Using a generalization of the dominant diagonal condition on the Jacobian of the set of unit cost functions, this pape... see more
Tapan Biswas
The axiomatic foundation of the expected utility theory (which states that given a set of uncertain prospects individuals pick up the prospect which yields the highest expected utility) was first laid down by Von Neumann and Morgenstern (1947). ... see more
The paper introduces a concept of “efficiency set" in the context of group decisions and analyses its properties. If the set contains a single element, then the Borda rule finds it. Otherwise, the group needs a value function to choose from the efficient ... see more
This paper proposes a method of establishing the global univalence of a mapping without theassumption of continuity and the absence of points of inflection. When the functions are notcontinuous and the points of inflections are present, the use of a Jacob... see more
No abstract available
Fort a small economy, the equilibrium under monopolistic competition may not be Pareto optimal. The paper deals with the condition for the existence and Pareto optimality of equilibrium under monopolistic competition in a large economy with differentiated... see more
After critically examining different notions of fairness in allocating goods and leisure in an economy with production, the paper considers an alternative approach to distributive justice and discusses the concept of a fair market economy.
Although the inputs are not normally gross-substitutes in their demand, the Jacobian matrixof all excess demand functions, corresponding to both outputs and inputs, may satisfy the gross substitute requirements if, apart from the final goods being gross-s... see more
This paper is concerned with generalised scalar measures of risk aversion. A measure R which may meaningfully be applied to both unidimensional risks (risk in income or wealth) and multidimensional risks has been constructed. In case of identical preferen... see more
This paper is concerned with optimal allocation of investment in a two-sector open economy with non-shiftable capital. We have assumed a stationary population and fixed terms of trade. It has been shown that, if the economy starts with a sm... see more