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incentive-compatibility constraints, on the basis of efficiency and fairness principles. The fairness principles we consider …
Persistent link: https://www.econbiz.de/10010927674
both fairness and forgiveness. Based on the idea of fresh starts, we construct a social ordering that permits us to make … rule also allows for the inclusion of the fairness approach in the model, to deal with the well-known clash between the …
Persistent link: https://www.econbiz.de/10010927695
agreeableness, conscientiousness, and neuroticism, some of which depend on the reference group. Furthermore, risk and fairness …
Persistent link: https://www.econbiz.de/10011267920
Previous estimates of unfair inequality of opportunity (IOp) are only lower bounds because of the unobservability of the full set of endowed circumstances beyond the sphere of individual responsibility. In this paper, we suggest a new estimator based on a fixed effects panel model which...
Persistent link: https://www.econbiz.de/10009277156
claims. In this context, we investigate procedural and end-state principles of fairness, their implications and relations. To …, exchange rule. Using variants of fairness based on no-envy as end-state principles, we provide axiomatic characterizations of …
Persistent link: https://www.econbiz.de/10011228291
Behavioral economics has shaken the view that individuals have well-defined, consistent and stable preferences. This raises a challenge for welfare economics, which takes as a key postulate that individual preferences should be respected. We agree with Bernheim (2009) and Bernheim and Rangel...
Persistent link: https://www.econbiz.de/10010610462
on the fairness of the agreement. With this in mind, the firms can utilize transfer payments with the aim to achieve a … should jointly plan operations as to deal with the trade-off between the efficiency and the fairness. We propose a novel … to benefit less from the collaboration. When comparing the quality of such approach with other notions of fairness, we …
Persistent link: https://www.econbiz.de/10010752815
A set of agents with possibly different waiting costs have to receive the same service one after the other. Efficiency requires to maximize total welfare. Equity requires to at least treat equal agents equally. One must form a queue, set up monetary transfers to compensate agents having to wait,...
Persistent link: https://www.econbiz.de/10005042819
fairness criterion, but only in the unreasonable case in which none of the unemployed are ever willing to work. …
Persistent link: https://www.econbiz.de/10005042927
Forgiveness is an ethical ideal that advocates that a fresh start should be conferred on those individuals who regret their past choices. Grounded on such a principle, Fleurbaey (2005) proposes the use of the equivalent endowment as the proper measure of the welfare loss experienced by those who...
Persistent link: https://www.econbiz.de/10010662643