Showing 1 - 10 of 17,015
associate efficiency, fairness, and the intrinsic quality of social relations. …
Persistent link: https://www.econbiz.de/10014023677
account factors other than individual welfare is Pareto-inefficient; in particular, they argue at length that notions of … fairness - insofar as they do not directly contribute to individual welfare - should be eschewed as a basis for policy … pluralistic or majoritarian decisionmaking are prone to welfare-inefficient outcomes. Judicial intervention could be seen to …
Persistent link: https://www.econbiz.de/10014058485
leading to higher aggregate output and total welfare compared to a strictly meritocratic system. Less skilled workers benefit …
Persistent link: https://www.econbiz.de/10015158068
) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost … indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate … the “opportunity set” of politics with respect to the two normative objectives of inter- and intragenerational justice, i …
Persistent link: https://www.econbiz.de/10013113658
) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost …) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost … and the opportunity cost of either justice is zero. -- economics ; efficiency ; intragenerational and intergenerational …
Persistent link: https://www.econbiz.de/10009356137
. This study, on the other hand, seeks to establish evidence on unbiased justice and to propose and demonstrate a general … approach for measuring impartial views empirically. Most normative justice theories associate impartiality with limited … between consensus and impartiality, this paper seeks to help lay an empirical foundation for welfare analysis, social choice …
Persistent link: https://www.econbiz.de/10012730263
This paper investigates the driving forces behind informal sanctions in cooperation games and the extent to which theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted towards the defectors but the latter also impose a...
Persistent link: https://www.econbiz.de/10003031484
This paper investigates the driving forces behind informal sanctions in cooperation games and the extent to which theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted towards the defectors but the latter also impose a...
Persistent link: https://www.econbiz.de/10013318436
We analyze the Moral Hazard problem, assuming that agents are inequity averse. Our results differ from conventional contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters the structure of optimal contracts. Second, there is a...
Persistent link: https://www.econbiz.de/10003011503
We analyze the Moral Hazard problem, assuming that agents are inequity averse. Our results differ from conventional contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters the structure of optimal contracts. Second, there is a...
Persistent link: https://www.econbiz.de/10013318431