No abstract provided.

David S. Kidwell, Charles A. Trzcinka, The Impact of the New York City Fiscal Crisis on the Interest Cost of New Issue Municipal Bonds, The Journal of Financial and Quantitative Analysis, Vol. 18, No. 3 (Sep., 1983), pp. 381-399

Journal Article An Alternative Theory of Exchange Rate Dynamics Get access Jagdeep S. Bhandari Jagdeep S. Bhandari George Mason University and Southern Illinois University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 98, Issue 2, May 1983, Pages 337–348, https://doi.org/10.2307/1885630 Published: 01 May 1983

Non-manipulable direct revelation social choice functions are characterized for societies where the space of alternatives is a euclidean space and all voters have separable star-shaped preferences with a global optimum. If a non-manipulable choice function satisfies a weak unanmity-respecting condition (which is equivalent to having an unrestricted range) then it will depend only on voters' ideal points. Further, such a choice function will decompose into a product of one-dimensional mechanisms in the sense that each coordinate of the chosen point depends only on the respective coordinate of the voters' ideal points. Each coordinate function will also be non-manipulable and respect unanimity. Such one-dimensional mechanisms are uncompromising in the sense that voters cannot take an extreme position to influence the choice to their advantage. Two characterizations of uncompromising choice functions are presented. One is in terms of a continuity condition, the other in terms of “phantom voters” i.e. those points which are chosen which are not any voter's ideal point. There are many such mechanisms which are not dictatorial. However, if differentiability is required of the choice function, this forces it to be either constant or dictatorial. In the multidimensional case, non-separability of preferences leads to dictatorship, even if preferences are restricted to be quadratic.

Robert S. Harris, The Cities Service Takeover: A Case Study: Discussion, The Journal of Finance, Vol. 38, No. 2, Papers and Proceedings Forty-First Annual Meeting American Finance Association New York, N.Y. December 28-30, 1982 (May, 1983), pp. 345-347

S. M. Thurbull, An Empirical Analysis of the Pricing of Mortgage-Backed Securities: Discussion, The Journal of Finance, Vol. 38, No. 2, Papers and Proceedings Forty-First Annual Meeting American Finance Association New York, N.Y. December 28-30, 1982 (May, 1983), pp. 646-647