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This paper proposes and tests an empirical model of impartiality, inspired by Adam Smith (1759), that is based on the … and consensus. This informs a vignette experiment that elicits moral judgments about real world policy issues while … varying the information conditions (relevant and irrelevant information) and roles (spectator and stakeholder) of respondents …
Persistent link: https://www.econbiz.de/10015219017
’s soccer videos higher when the gender of the players is visible. These findings reveal a bias in the evaluation of men’s and …
Persistent link: https://www.econbiz.de/10012820024
We characterize a measure of social welfare for linear production economies in which individuals differ in productive skills and preferences. The key feature of our measure is that it aggregates fairness gaps, defined as the difference between the money-metric utility that the individual...
Persistent link: https://www.econbiz.de/10014290152
The paper contributes to a symposium of the Oxford Review of Economic Policy on "Capitalism: What has Gone Wrong, What Needs to Change, and How can it be Fixed?". The analysis starts from the observation that, in the United States, the United Kingdom and continental Europe, widespread discontent...
Persistent link: https://www.econbiz.de/10012659966
Our society can benefit immensely from algorithmic decision-making and similar types of artificial intelligence. But algorithmic decision-making can also have discriminatory effects. This paper examines that problem, using online price differentiation as an example of algorithmic...
Persistent link: https://www.econbiz.de/10014105508
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
The paper contributes to a symposium of the Oxford Review of Economic Policy on “Capitalism: What has Gone Wrong, What Needs to Change, and How can it be Fixed?”. The analysis starts from the observation that, in the United States, the United Kingdom and continental Europe, widespread...
Persistent link: https://www.econbiz.de/10013216181
This paper characterizes the out-of-equilibrium dynamics of a symmetric, pure exchange economy with two goods and N agents with uniformly distributed preferences and identical endowments. Relaxing the auctioneer assumption, but maintaining a global price rule, sequentially random pairwise...
Persistent link: https://www.econbiz.de/10013007729
The paper contributes to a symposium of the Oxford Review of Economic Policy on "Capitalism: What has Gone Wrong, What Needs to Change, and How can it be Fixed?". The analysis starts from the observation that, in the United States, the United Kingdom and continental Europe, widespread discontent...
Persistent link: https://www.econbiz.de/10012657851
Online shops could offer each website customer a different price. Such personalised pricing can lead to advanced forms of price discrimination based on individual characteristics of consumers, which may be provided, obtained, or assumed. An online shop can recognise customers, for instance...
Persistent link: https://www.econbiz.de/10012933398