IDEAS home Printed from https://ideas.repec.org/a/srs/jarle0/v3y2012i1(5)p10-25.html

Optimal Participation In Illegitimate Market Activities Complete Analysis Of 2 Dimensional Cases

Author

Listed:
  • David CARFÌ

    (IAMIS Institute for the Applications of Mathematics and Integrated Sciences Department of Mathematics University of California at Riverside USA)

  • Angelica PINTAUDI

    (University of Messina Italy)

Abstract

In this paper we consider the quantitative decision problem to allocate a certain amount of time upon two possible market activities specifically a legal one and an illegal one The problem was considered in literature by Isaac Ehrlich in his seminal paper Participation in Illegitimate Activities A Theoretical and Empirical Investigation published in The Journal of Political Economy in 1973 The mathematical model we propose and use is essentially a formal mathematical translation of the ideas presented by Ehrlich but on the other hand our approach will allow to apply efficiently and quantitatively the Ehrlich qualitative model We model an Ehrlich decision problem as a pair P f where the function f T Rm is a vector payoff function defined upon a compact m dimensional decision time constrain T and with values into the m dimensional payoff space Rm for some natural number m in our paper m is 2 Finally we apply the Complete Analysis of a Differentiable Decision Problem and part of the Complete Analysis of a Differentiable normal form Game recently introduced in literature by David Carf to examine exhaustively an example of Ehrlich decision problem

Suggested Citation

  • David CARFÌ & Angelica PINTAUDI, 2012. "Optimal Participation In Illegitimate Market Activities Complete Analysis Of 2 Dimensional Cases," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 3(1(5)), pages 10-25.
    • Handle: RePEc:srs:jarle0:v:3:y:2012:i:1(5):p:10-25
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carfì, David & Donato, Alessia & Schilirò, Daniele, 2018. "Sustainability of global feeding.Coopetitive interaction among vegan and non-vegan food firms," MPRA Paper 88400, University Library of Munich, Germany.
    2. David CARFI & Caterina FICI, 2012. "The Government-Taxpayer Game," Theoretical and Practical Research in the Economic Fields, ASERS Publishing, vol. 3(1), pages 13-25.
    3. Carfì, David & Donato, Alessia & Schilirò, Daniele, 2018. "An environmentally sustainable global economy. A coopetitive model," MPRA Paper 86718, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • P37 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Legal
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:srs:jarle0:v:3:y:2012:i:1(5):p:10-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Claudiu Popirlan The email address of this maintainer does not seem to be valid anymore. Please ask Claudiu Popirlan to update the entry or send us the correct address (email available below). General contact details of provider: http://journals.aserspublishing.eu/jarle .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.