Showing 1 - 10 of 442
For exchange economies with classical economic preferences, it is shown that any strategy-proof social choice function that selects Pareto optimal outcomes cannot guarantee everyone a consumption bundle bounded away from the origin. This result demonstrates that there is a fundamental conflict...
Persistent link: https://www.econbiz.de/10005459255
A desirable property of a voting procedure is that it be immune to the strategic withdrawal of a cadidate for election. Dutta, Jackson, and Le Breton (Econometrica,2001) have established a number of theorems which demonstrate that this condition is incompatible with some other desirable...
Persistent link: https://www.econbiz.de/10005459264
Serge Kolm's "epistemic counterfactual principle" says that a social choice only needs to be made from the actual feasible set of alternatives given the actual preference profile, but it must be justified by the choices that would have been made in appropriate counterfactual choice situations....
Persistent link: https://www.econbiz.de/10005459270
This article reconsiders the Harsanyi--Sen debate concerning whether Harsanyi is justified in interpreting his Aggregation and Impartial Observer Theorems as providing axiomatizations of utilitarianism. Sen's criticism and its formalization by Weymark are based on the claim that von...
Persistent link: https://www.econbiz.de/10005459272
This article considers the ranking of profiles of opportunity sets on the basis of their equality. A version of the Pigou-Dalton transfer principle that is appropriate for the measurement of opportunity inequality is introduced and used to axiomatize the class of generalized Gini equality of...
Persistent link: https://www.econbiz.de/10005459274
Comparative static properties of the solution to an optimal nonlinear income tax problem are provided for a model in which the government both designs a redistributive income tax schedule and provides a public input into a nonlinear production process. These assumptions imply that wage rates are...
Persistent link: https://www.econbiz.de/10005013876
Comparative static properties of the solution to an optimal nonlinear income tax problem are provided for a model in which the government both designs an income tax schedule for redistributive purposes and provides a public good optimally. There are two types of individuals, distinguished by...
Persistent link: https://www.econbiz.de/10005585291
This article considers measures of individual welfare change for projects that change the state distribution of prices and incomes. For a consumer whose preferences satisfy the expected utility hypothesis, we investigate whether there is an increasing function of the state-contingent...
Persistent link: https://www.econbiz.de/10005585302
This article provides an introduction to the normative approach to multidimensional inequality measurement. Multivariate generalizations of the procedures used to construct univariate inequality indices from social evaluation orderings are described. Axiomatizations of multivariate Atkinson,...
Persistent link: https://www.econbiz.de/10005585319
James Buchanan (Economica, 1966) has argued that Alfred Marshall's theory of jointly-supplied goods can be extended to analyze the allocation of impure public goods. This article introduces a way of modelling sharing technologies for jointly-supplied goods that captures the essential features of...
Persistent link: https://www.econbiz.de/10005585321