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The ethic of 'priority' is a compromise between the extremely compensatory ethic of 'welfare equality' and the needs-blind ethic of 'income equality.' We propose an axiom of priority, and characterize resource allocation rules that are impartial, prioritarian, and solidaristic. They comprise a...
Persistent link: https://www.econbiz.de/10014064485
This paper analyzes a family of rules for bankruptcy problems that generalizes the so-called reverse Talmud rule and encompasses both the constrained equal-awards rule and the constrained equal-losses rule. The family, introduced by van den Brink et al., [Characterization of the reverse Talmud...
Persistent link: https://www.econbiz.de/10012977743
Persistent link: https://www.econbiz.de/10012617025
Persistent link: https://www.econbiz.de/10012617055
We analyze a model of resource allocation in which agents' abilities (to transform the resourceinto an interpersonally comparable outcome) and initial endowments may differ. We imposeethical and operational axioms in this model and characterize some allocation rules as a resultof combining these...
Persistent link: https://www.econbiz.de/10005868732
The apparent ubiquity of progressive taxation in advanced democracies has animated research by political economists in the past decade, but little progress has been made in modeling political equilibria over tax policy when labor supply is elastic with respect to taxation. Here, we postulate an...
Persistent link: https://www.econbiz.de/10010317106
This project employs the theory of opportunity, described in Roemer''s book (Equality of Opportunity, Harvard University Press, 1998), to compute the extent to which tax-and-transfer regimes in ten countries equalize opportunities among citizens for income acquisition. Roughly speaking, equality...
Persistent link: https://www.econbiz.de/10010318598
An in-kind subsidy is equivalent, both theoretically and empirically, to an increase of income for an individual consumer. But the equivalence does not empirically carry over to in-kind grants by a central government to a local one: this has been seen as an anomaly and dubbed the â??flypaper...
Persistent link: https://www.econbiz.de/10010318603
Sustainability has been largely replaced by discounted utilitarianism in contemporary climate-change economics. Our approach rejuvenates sustainability by expanding the conception of the quality of life, along the lines of the UN Human Development Reports, to include not only consumption, but...
Persistent link: https://www.econbiz.de/10010318844
This project employs the theory of equality of opportunity, described in Roemer?s book (Equality of Opportunity, Harvard University Press, 1998), to compute the extent to which tax-and-transfer regimes in ten countries equalize opportunities among citizens for income acquisition. Roughly...
Persistent link: https://www.econbiz.de/10010260748