Showing 1 - 10 of 13
claims. In this context, we investigate procedural and end-state principles of fairness, their implications and relations. To …, exchange rule. Using variants of fairness based on no-envy as end-state principles, we provide axiomatic characterizations of …
Persistent link: https://www.econbiz.de/10011228291
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
Forgiveness is an ethical ideal that advocates that a fresh start should be conferred on those individuals who regret their past choices. Grounded on such a principle, Fleurbaey (2005) proposes the use of the equivalent endowment as the proper measure of the welfare loss experienced by those who...
Persistent link: https://www.econbiz.de/10010662643
This paper proposes a regional comparison of ex-post inequality of opportunity in France by measuring, within each region, the inequality between individuals exerting the same effort. According to the concept of equality of opportunity, inequalities due to factors for which the individual is not...
Persistent link: https://www.econbiz.de/10010662645
on the fairness of the agreement. With this in mind, the firms can utilize transfer payments with the aim to achieve a … should jointly plan operations as to deal with the trade-off between the efficiency and the fairness. We propose a novel … to benefit less from the collaboration. When comparing the quality of such approach with other notions of fairness, we …
Persistent link: https://www.econbiz.de/10010752815
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
also examine the compatibility of stability and fairness on metric environments with indivisible projects. To do so, we …
Persistent link: https://www.econbiz.de/10008836134
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has remained so far largely unexplored, probably because it appears infeasible. Indeed, short-lived agents can hardly be identified ex ante, and cannot be compensated ex post. We argue...
Persistent link: https://www.econbiz.de/10008836160
incentive-compatibility constraints, on the basis of efficiency and fairness principles. The fairness principles we consider …
Persistent link: https://www.econbiz.de/10010927674
both fairness and forgiveness. Based on the idea of fresh starts, we construct a social ordering that permits us to make … rule also allows for the inclusion of the fairness approach in the model, to deal with the well-known clash between the …
Persistent link: https://www.econbiz.de/10010927695