The veil of ignorance has been used often as a tool for recommending what justice requires with respect to the distribution of wealth. We complete Harsanyi's model of the veil of ignorance by appending information permitting objective comparisons among persons. In order to do so, we introduce...

We model a dynamic political process in which, at each date, two parties form endogenously and compete on a unidimensional policy space of income-tax rates. After-tax income is dispensed for consumption and investment in the education of children. With no redistribution of income, inequality in...

We postulate a two-region world, comprised of North (calibrated after the US) and South (calibrated after China). Our optimization results show the compatibility of the following three desiderata: (1) Global CO2 emissions follow a conservative path that leads to the stabilization of...

This study develops a framework to investigate the optimal allocation of a country's fiscal resources to help equalize opportunities for human development. The author argues that the proper role for policy is the pursuit of equality of opportunities as opposed to equality of outcomes. Because...