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In this paper I want to describe one way of thinking about information. In effect, this paper relates to the notion that organizational or societal models of economic equilibrium incorporate a decision-making mechanism that is influenced by the independent judgment of each individual. This...
Persistent link: https://www.econbiz.de/10015215204
We reexamine the analysis of Chambers (Social Choice and Welfare, 2009), that produces a characterization of a family of social welfare functions in the context of intergenerational equity: namely, those that coincide with either the sup, inf, lim sup, or lim inf rule. Reinforcement, ordinal...
Persistent link: https://www.econbiz.de/10015216576
This paper models the constitutional design process, and points out the importance of political communication (defined as the level of information about the social distribution of policy preferences that individuals hold, at the time of this process) on the "extent" of "democratic restraints" of...
Persistent link: https://www.econbiz.de/10015218975
This paper proposes and tests an empirical model of impartiality, inspired by Adam Smith (1759), that is based on the moral judgments of informed third parties (or spectators). The model predicts that spectatorship produces properties widely considered desirable in both the normative and...
Persistent link: https://www.econbiz.de/10015219017
The paper analyzes economic evaluations by distinguishing evaluative statements from value judgments proper. Building on this basis, it compares four solutions to the value-neutrality problem in economics. After rebutting the strong theses about neutrality (normative economics is illegitimate)...
Persistent link: https://www.econbiz.de/10015231264
We empirically characterise Millennials’ policy preferences with respect welfare provision across nine EU member states. Our main findings indicate two different tendencies driving a split in young people’s policy preferences over different policy objectives. The first tendency depends on...
Persistent link: https://www.econbiz.de/10015259024
We present an abstract social aggregation theorem. Society, and each individual, has a preorder that may be interpreted as expressing values or beliefs. The preorders are allowed to violate both completeness and continuity, and the population is allowed to be infinite. The preorders are only...
Persistent link: https://www.econbiz.de/10015265506
This paper analyses the implications of classical liberal and libertarian approaches for distributive justice in the context of social welfare orderings. An axiom capturing a liberal non-interfering view of society, named the Weak Harm Principle, is studied, whose roots can be traced back to...
Persistent link: https://www.econbiz.de/10015237877
We show that, in a sufficiently large population satisfying certain statistical regularities, it is often possible to accurately estimate the utilitarian social welfare function, even if we only have very noisy data about individual utility functions and interpersonal utility comparisons. In...
Persistent link: https://www.econbiz.de/10015238606
Most important results in Social Choice Theory concern impossibility theorems. They claim that no function, as complex as it might be, can satisfy simultaneously a restricted number of fair properties describing a democratic system. However, adopting new voting ideas can push back those limits....
Persistent link: https://www.econbiz.de/10015247505