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with single-peaked preferences. We provide a new concept of fairness, called position-wise envy-freeness, that is …
Persistent link: https://www.econbiz.de/10011317289
considerations to explain the development or sustainability of these transfers. Such is the implicit ambition of efficiency theories … explained by pure efficiency motives, but less than what would be predicted under the extended insurance hypothesis. One … theories, such as inequality-averse social welfare functions or fairness criteria. It is shown how both approaches can be …
Persistent link: https://www.econbiz.de/10014023654
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10012817856
We confront two common objections to Harsanyi's impartial observer theorem; one to do with 'fairness', and the other to …
Persistent link: https://www.econbiz.de/10001763119
We confront two common objections to Harsanyi's impartial observer theorem; one to do with 'fairness', and the other to …
Persistent link: https://www.econbiz.de/10014080962
Multidimensional welfare analysis has recently been revived by money-metric measures based on explicit fairness …
Persistent link: https://www.econbiz.de/10012948689
function (SWF) that can accommodate concerns for procedural fairness. Under our proposal, concerns for procedural fairness in … attitudes toward both risk and procedural fairness. They also establish that social welfare assessments can be made based on a …
Persistent link: https://www.econbiz.de/10013022386
Multidimensional welfare analysis has recently been revived by money-metric measures based on explicit fairness …
Persistent link: https://www.econbiz.de/10011709621
over uncertain future incomes, we analyze the implications of equity, efficiency, separability, and social rationality. Our … efficiency conditions are fairly weak, because there are criticisms on the standard ex ante Pareto principle in the litererature …
Persistent link: https://www.econbiz.de/10012855059
fairness and (second) Pattanaik's critique concerning differing attitudes toward risk. In each case, we show what separates …
Persistent link: https://www.econbiz.de/10012779382