Inequality of opportunity – that is, how a person's potential to succeed in life is determined by the circumstances of their birth – is the result of an economy that has failed to fairly tie incentive to effort and investment. But any limitations on economic activity caused by this failure...

This paper demonstrates that cooperation in international environmental negotiations can be explained by preferences for equity. Within a N-country prisoner's dilemma in which agents can either cooperate or defect, in addition to the standard non-cooperative equilibrium, cooperation of a large...

We investigate how burden sharing rules may impact the voluntary provision of a public good which generates heterogeneous benefits to agents. We compare different rule-based contribution schemes that are based on the principle of the smallest common denominator: all agents can suggest a minimum...