A class of incomplete and ambiguity averse preferences

Universidade federal do rio grande do sul faculdade de ciências econômicas programa de pós-graduação em economia

/pdf/as-distintas-interpretacoes-acerca-do-projeto-de-1k124z4mdv.pdf

As Distintas Interpretações Acerca do Projeto de Industrialização do Governo Getúlio Vargas (1951-54) e suas Influências no Governo de

This paper seeks to incorporate one of the most recent theoretical progresses in institutional economics to the analysis of the institutional evolution of Brazil during the period 1956/1961: an endogenous rational choice model for institutional dynamics. The Kubitschek period was chosen because it was a moment of our recent history where it was tried to implement significant institutional changes in our political, economical and social institutions seeking to accelerate the rhythm of the industrialization process. The institutions implanted however did not present the self-reinforcement property nor in the weak sense, nor in the strong sense (terms defined in the paper), being for this subject to be undermined by endogenous processes. This institutional arrangement therefore, that was initially capable to sustain itself in conditions of fast industrialization with relative stability of prices, was progressively weakened, becoming self - enforceable only in conditions of economic stagnation and accelerated inflation. It is argued finally that the analysis outlined above can be useful to understand a little better the general nature of the processes of institutional change.
JEL Classification: N16; N46.

/pdf/economia-e-instituicoes-no-governo-kubitschek-2osu2lz1hb.pdf

Economia e Instituições no Governo Kubitschek

This paper characterize preference relations % over the set F of Anscombe and Aumann acts (i.e., F is the family of all random variables on a measurable state space (S; ) with values on a consequence space X) and give necessary and su¢ cient conditions that guarantee the existence of a utility function u on consequences and an ambiguity index on the set of probabilities on the the states of the nature such that, for any acts f and g,

José Heleno Faro

Papers

Economia e Instituições no Governo Kubitschek

General Ambiguity Index for Bewley Preferences