Paternalistic principals

Article Abstract:

The concept of paternalistic principals, in which the principal and the agent have the same objective, is examined. This view holds that despite sharing the same objective, the agent differs from the principal in the sense that the former's decision is possibly distorted by a subjective factor. Three different assumptions about subsidy costs are considered, namely, full costs as in the traditional mechanism design, pure transfers with no costs and only subsidies exceeding the gain from intervention exerts pressure on the principal.

Economics, Research and Development in the Social Sciences and Humanities, Models, Agency (Law), Opportunity cost, Opportunity costs

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History dependence in concave economics

Article Abstract:

An investigation of concave intertemporal optimization problems in economics is presented, and two factors either growth or control-state interactions, that are allowed for multiple steady states along with a unstable state are derived.

Venture Analysis, Economic aspects, Business enterprises, Difference threshold

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Skiba threshold in a model of controlled migration

Article Abstract:

A dynamic optimization model of controlled migration with a Skiba point is presented for a major challenge of United States housing policy.

Housing Programs, Administration of Housing Programs, Housing & Development-Total Govt, Administration of Housing Programs, Urban Planning, and Community Development, Housing policy, Optimal stopping (Mathematical statistics)

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