determination of an optimal rights structure results. It is further shown that an efficiency analysis based on a "naive" cost … endogeneity of preferences. The endogeneity of preferences in turn can make the cost-benefit analysis contradictory. In a welfare …

(e.g., related to an individual's altruism, fairness perceptions, concerns for efficiency, and political views). By …

There is no consensus on how to measure social welfare and inequality when households have different needs. As we show …-order importance for social welfare, but generally plays a minor role in the measurement of inequality. To address this impasse, we … introduce partial compensation. Our axiomatic characterizations reveal novel families of welfare criteria and, with the …

that the welfare functions traditionally used in climate economics are ill-equipped to deal with climate catastrophes in … which population size changes. Drawing on recent work in population ethics I propose an alternative welfare framework with … normatively desirable properties, which has the effect of dampening the contribution of catastrophes to welfare. …