Showing 1 - 10 of 143
critiques to utilitarianism by satisfying the following three fairness axioms: possibility of trade-offs sets a limit to the …
Persistent link: https://www.econbiz.de/10011434634
The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...
Persistent link: https://www.econbiz.de/10010467848
Undiscounted utilitarianism as a criterion of intergeneration justice has been questioned for different reasons: It has … allocation must involve discounting, and (2) that undiscounted utilitarianism subjects the present generation to heavy demands …-nologies) that undiscounted utilitarianism is so malleable that any efficient and non-decreasing allocation can be the unique optimum …
Persistent link: https://www.econbiz.de/10009780201
We impose a horizontal equity restriction on the problem of finding the optimal utilitarian tax mix. The horizontal equity constraint requires that individuals with the same ability have to pay the same amount of taxes regardless of their preferences for leisure. Contrary to normal findings, we...
Persistent link: https://www.econbiz.de/10011508057
how a novel criterion, Strongly Anonymous Utilitarianism, can be characterized by combining Strong Anonymity with other …
Persistent link: https://www.econbiz.de/10012817908
We propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU). We … thus generalize rank-discounted utilitarianism (RDU) (proposed by Zuber and Asheim, 2012) to variable population and risky … other policy issues with long-run consequences. We illustrate how PARDCLU yields rank-dependent expected utilitarianism …
Persistent link: https://www.econbiz.de/10010337541
out the space between critical-level utilitarianism and (a version of) critical-level leximin. Moreover, it satisfies many … when the critical level is zero. -- social evaluation ; population ethics ; critical-level utilitarianism ; social …
Persistent link: https://www.econbiz.de/10009630630
planner's von Neumann-Morgenstern preference. We start from Harsanyi's [18] axiomatization of utilitarianism, and ask under … Dhillon and Mertens used to axiomatize relative utilitarianism. We simplify the axioms, provide a much simpler and more …
Persistent link: https://www.econbiz.de/10011717180
Why might the European member states seek for Fiscal Union? Coordination, macro-stability purposes and provision of (European) public goods are certainly goals of paramount importance for the implementation of Fiscal Union at European level. However, there is an equally important component of...
Persistent link: https://www.econbiz.de/10011888687
We frame sustainability problems as bargaining problems among stakeholders who have to agree on a common development path. For infinite alternatives, the set of feasible payoffs is unknown, limiting the possibility to apply classical bargaining theory and mechanisms. We define a framework...
Persistent link: https://www.econbiz.de/10011962323