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The regulation of human behavior by institutions can be deemed as a process of social choice, in which specific social choice rules attain the objective of institution design by governing human choices. This paper provides a new framework of institution design — institution design based on social choice, which avoids the “black box” dilemma in institution design. The paper discusses the key issues...
The albino differential equation of grey Verhulst model is studied and an improved gray Verhulst model based on GA is proposed. Firstly, grey derivative is albinoed by using Lagrange mid-value theorem, a new kind of variable parameter Verhulst model is built. Then parameter is determined by optimization method based on genetic algorithm; Example shows that the new grey Verhulst model has higher precision...
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