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Fair intergenerational utilitarianism : risk, its resolution over time, and discounting
Piacquadio, Paolo Giovanni - 2014
The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...
Persistent link: https://www.econbiz.de/10010467848
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Sustainable recursive social welfare functions
Asheim, Geir B.; Mitra, Tapan; Tungodden, Bertil - 2006
Koopmans’s (Econometrica 28, 287–309) axiomatization of discounted utilitarianism is based on seemingly compelling …
Persistent link: https://www.econbiz.de/10010284345
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Chapter 11 Utilitarianism and the theory of justice
Blackorby, Charles; Bossert, Walter; Donaldson, David - In: Handbook of social choice and welfare : volume 1, (pp. 543-596). 2002
, both in a static and in an intertemporal framework. Section 5 deals with the special case of utilitarianism. We review some … welfarism theorem to a variable-population framework and provide a characterization of critical-level generalized utilitarianism …
Persistent link: https://www.econbiz.de/10014023832
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Efficiency based measures of inequality
Andonie, Costel; Kuzmics, Christoph; Rogers, Brian - 2014 - Second version, November 5, 2014
How should we make value judgments about wealth inequality? Harsanyi (1953) proposes to take an individual who evaluates her well-being by expected utility and ask her to evaluate the wealth possibilities ex-ante (i.e. before she finds her place in society, i.e., under the "veil of ignorance" of...
Persistent link: https://www.econbiz.de/10010366144
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Optimal utilitarian taxation and horizontal equity
Jordahl, Henrik; Micheletto, Luca - 2003
We impose a horizontal equity restriction on the problem of finding the optimal utilitarian tax mix. The horizontal equity constraint requires that individuals with the same ability have to pay the same amount of taxes regardless of their preferences for leisure. Contrary to normal findings, we...
Persistent link: https://www.econbiz.de/10011508057
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The limits to moral erosion in markets : social norms and the replacement excuse
Bartling, Björn; Özdemir, Yagiz - 2017
This paper studies the impact of a key feature of competitive markets on moral behavior: the possibility that a competitor will step in and conclude the deal if a conscientious market actor forgoes a profitable business opportunity for ethical reasons. We study experimentally whether people...
Persistent link: https://www.econbiz.de/10011735983
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Optimal utilitarian taxation and horizontal equity
Jordahl, Henrik; Micheletto, Luca - 2002
We impose a horizontal equity restriction on the problem of finding the optimal utilitarian tax mix. The horizontal equity constraint requires that individuals with the same ability have to pay the same amount of taxes regardless of their preferences for leisure. Contrary to normal findings, we...
Persistent link: https://www.econbiz.de/10011587889
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The limits to moral erosion in markets : social norms and the replacement excuse
Bartling, Björn; Özdemir, Yagiz - 2017
This paper studies the impact of a key feature of competitive markets on moral behavior: the possibility that a competitor will step in and conclude the deal if a conscientious market actor forgoes a profitable business opportunity for ethical reasons. We study experimentally whether people...
Persistent link: https://www.econbiz.de/10011729070
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Foundations of utilitarianism under risk and variable population
Spears, Dean; Zuber, Stéphane - 2021
Utilitarianism is the most prominent family of social welfare functions. We present three new axiomatic ….'s (1998) Expected Critical-Level Generalized Utilitarianism (ECLGU) is equivalent to a new axiom holding that it is better to … novel characterizations extend classic axiomatizations of utilitarianism from settings with either social risk or variable …
Persistent link: https://www.econbiz.de/10012583668
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A soul's view of the optimal population problem
De la Croix, David; Doepke, Matthias - 2021
A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with different population levels. Such a criterion is essential to resolve the optimal population problem, i.e., the tradeoff between population size and the welfare of each person...
Persistent link: https://www.econbiz.de/10012493350