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comparable. This allows us to conclude that the impartiality requirement cannot be used to decide between Rawls' and Harsanyi …
Persistent link: https://www.econbiz.de/10010750385
Most prominent models of economic justice (and especially those proposed by Harsanyi and Rawls) are based on the … assumption that impartiality is required for making moral decisions. However, although Harsanyi and Rawls agree on that, and … furthermore agree on the fact that impartiality can be obtained under appropriate conditions of ignorance, they strongly disagree …
Persistent link: https://www.econbiz.de/10010750681
This paper investigates whether and how litigant peer stock ownership by federal district judges affects characteristics of case outcomes for large corporate litigants. We find that industry-peer stock ownership by district judges is associated with the following outcomes for corporate litigants...
Persistent link: https://www.econbiz.de/10014238883
In a novel experimental design, we study how social immobility affects the choice among distributional schemes in an experimental democracy. We design a two-period experiment in which subjects first choose a distributional scheme by majority voting (“social contract”). Then subjects engage...
Persistent link: https://www.econbiz.de/10014504499
This paper analyses one of Turgot's first economic essays, Plan d'un ouvrage sur le commerce, la circulation et l'intérêt de l'argent, la richesse des états (1753-4). Written prior to the appearance of physiocratic influence, it is Turgot's contribution to the movement of writing that bubbled...
Persistent link: https://www.econbiz.de/10011613794
We study a two-stage choice problem, where alternatives are allocations between the decision maker (DM) and a passive recipient. The recipient observes choice behavior in stage two, while stage one choice is unobserved. Choosing selfishly in stage two, in the face of a fairer available...
Persistent link: https://www.econbiz.de/10014213898
The social value of risk reduction (SVRR) is the marginal social value of reducing an individual’s fatality risk, as measured by some social welfare function (SWF). This is the linchpin concept for applying social welfare functions to the domain of fatality risk regulation. This Article...
Persistent link: https://www.econbiz.de/10014103027
We conduct laboratory experiments where third-party spectators can redistribute resources between two agents, thereby eliminating inequality and offsetting the consequences of controllable and uncontrollable luck. Some spectators go to the limits and equalize all or no inequalities, but many...
Persistent link: https://www.econbiz.de/10014138035
We conduct a laboratory experiment where third-party spectators can redistribute resources between two agents, thereby offsetting the consequences of controllable and uncontrollable luck. Some spectators go to the limits and equalize all or no inequalities, but many follow an interior allocation...
Persistent link: https://www.econbiz.de/10014141821
Social lotteries are lotteries that are played along with someone else. The experimental literature indicates that risk attitudes depend on how one's situation in the safe alternative compares to that of a peer. Evaluation of the risky alternative also depends on whether the lottery gives equal...
Persistent link: https://www.econbiz.de/10013019773