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Persistent link: https://www.econbiz.de/10012233340
This paper investigates the impact of Social Discount Rate (SDR) choice on intergenerational equity issues caused by Public-Private Partnerships (PPPs) projects. Indeed, more PPPs mean more debt being accumulated for future generations leading to a fiscal deficit crisis. The paper draws on how...
Persistent link: https://www.econbiz.de/10012817680
The distributional impacts of fiscal policies are instrumental in reducing inequality in countries like the Philippines, where inequality has been persistently high. This paper assesses how equitable various taxes and transfers in the Philippines are by deriving the elasticities of Atkinson and...
Persistent link: https://www.econbiz.de/10013207209
Persistent link: https://www.econbiz.de/10015206100
Recently, it has been shown that the characterizations of different classes of non-manipulable social choice functions with binary range can be reduced to a common functional form. In the present paper, we investigate the reasons why this happens. We show that all the classes considered share a...
Persistent link: https://www.econbiz.de/10015271445
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voting schemes. Design/methodology/approach - In this paper we analyze this problem from the viewpoint of decision theory …, the basic theory underlying all our activities – including economic ones. Findings - We show how from the first …-principles decision theory, we can extract explicit recommendations for group decision making. Originality/value - Most of the resulting …
Persistent link: https://www.econbiz.de/10012695181
Purpose - This paper aims to develop a geometry of moral systems. Existing social choice mechanisms predominantly employ simple structures, such as rankings. A mathematical metric among moral systems allows us to represent complex sets of views in a multidimensional geometry. Such a metric can...
Persistent link: https://www.econbiz.de/10012695188
Zentraler Gegenstand der Wohlfahrtsökonomie ist die Untersuchung geeigneter Kriterien für die Bewertung ökonomischer Zustände nach dem Maßstab von «besser» oder «schlechter». Die Wohlfahrtsökonomie steht damit im Spannungsfeld der in jüngerer Zeit wieder verstärkt diskutierten...
Persistent link: https://www.econbiz.de/10011964726
In this paper, we study intertemporal social welfare evaluations when agents have heterogeneous preferences that are interpersonally noncomparable. We first show that even if all agents share the same preferences, there is a conflict between the axioms of Pareto principle, time consistency, and...
Persistent link: https://www.econbiz.de/10014325247