Showing 1 - 10 of 25
Harsanyi (1955) proved that, in the context of uncertainty, social ratio- nality and the Pareto principle impose severe constraints on the degree of priority for the worst-off that can be adopted in the social evaluation. Since then, the literature has hesitated between an ex ante approach that...
Persistent link: https://www.econbiz.de/10008642214
Behavioral economics has shaken the view that individuals have well-defined, consistent and stable preferences. This raises a challenge for welfare economics, which takes as a key postulate that individual preferences should be respected. We agree with Bernheim (2009) and Bernheim and Rangel...
Persistent link: https://www.econbiz.de/10010610462
It is shown that the Pazner-Schmeidler social ordering appears as a very natural solution to the problem of defining social preferences over distributions of divisible goods. The paper analyses various ways of deriving this social ordering from minimally egalitarian conditions and informational...
Persistent link: https://www.econbiz.de/10005147298
It has become accepted that social choice is impossible in absence of interpersonal comparisons of well-being. This view is challenged here. Arrow obtained an impossibility theorem only by making unreasonable demands on social choice functions. With reasonable requirements, one can get very...
Persistent link: https://www.econbiz.de/10008631452
This a chapter for the Handbook of Social Choice and Welfare. It deals with the theory of fairness applied to situations when individuals are partly responsible for their characteristics.
Persistent link: https://www.econbiz.de/10008793496
This paper studies the ethical underpinnings of two social criteria which are prominent in the literature dealing with the problem of evaluating allocations of several consumption goods in a population with heteregenous preferences. The Pazner-Schmeidler criterion (Pazner-Schmeidler 1978) and...
Persistent link: https://www.econbiz.de/10005687539
This chapter examines the role of altruistic motives in the economic analysis of public social transfers, both from a positive and from a normative point of view. The positive question is to know whether we can fully neglect altruistic considerations to explain the development or sustainability...
Persistent link: https://www.econbiz.de/10014023654
Persistent link: https://www.econbiz.de/10013426680
This article defends the principle of giving a fresh start to individuals who come to consider that they have mismanaged their share of resources at an earlier stage of their life. The first part challenges the ethical intuition that it would be unfair to tax the steadfast frugal in order to...
Persistent link: https://www.econbiz.de/10011136049
In The Myth of Ownership - Taxes and Justice, Liam Murphy and Thomas Nagel (2002) launch an attack against a straw man, the economist who believes that taxation should minimally interfere with property rights and should seek to preserve the market distribution of wealth and income. Instead they...
Persistent link: https://www.econbiz.de/10010821442