Showing 1 - 10 of 64
We examine the possibility of constructing social ordering functions, each of which associates a social ordering over the feasible pairs of allocations and allocation rules with each simple production economy. Three axioms on the admissible class of social ordering functions are introduced,...
Persistent link: https://www.econbiz.de/10005574169
In this paper, criticizing the welfarist's framework in traditional welfare economics which provides a rather limited perspective for social evaluation, we propose a more comprehensive framework in which extended social ordering functions (ESOFs) are introduced. In this framework, not only...
Persistent link: https://www.econbiz.de/10005574175
This paper discusses and develops "non-welfare" arguments on distributive justice a la J.Rawls and A.K. Sen, and formalizes, in co-operative production economies, "non-welfaristic" distribution rules as game form types of resource allocation schemes. First, it conceptualizes the Needs Principle...
Persistent link: https://www.econbiz.de/10005583492
In pruoduction economies with skill differences, this paper discusses resource allocation schemes which are consistent with two notions of procedural fairness: labor sovereignty and equal-division-for-equal-work (EDEW)[Kranich(1994)]. The paper first shows that there always exists an efficient...
Persistent link: https://www.econbiz.de/10005583500
In production economies with unequal skills, this paper characterizes bargaining solutions by using axioms on allocation rules rather than axioms on classical bargaining solutions. Instead of Consistency of Resource Allocation across Dimension (CONRAD)[Roemer (1986, 1988)], which is essentially...
Persistent link: https://www.econbiz.de/10005583520
In this paper, we consider production economies with possibly unequal production skills and with possibility of technological innovations, in which resource allocations are determined via bargaining among individuals. We define the Nash bargaining solution as the (bargaining) allocation rule...
Persistent link: https://www.econbiz.de/10005583524
This paper analyses the equilibrium dynamics of exploitation and class in general accumulation economies with population growth, technical change, and bargaining by adopting a novel computational approach. First, the determinants of the emergence and persistence of exploitation and class are...
Persistent link: https://www.econbiz.de/10011526696
This paper analyzes the persistency of the unequal exchange of labor (UE) in international trade. An intertemporal model of a world economy is defined with a leisure preference and no discount factor. Every incompletely specialized free trade equilibrium is characterized as having non-persistent...
Persistent link: https://www.econbiz.de/10012059913
This paper presents an intertemporal model of pre-industrial economies defined with leisure preference to study the condition of the emergence and persistence of exploitation as unequal exchange of labor. We show that pure workers are exploited in any finite periods if there is positive real...
Persistent link: https://www.econbiz.de/10012059918
This paper provides a formal dynamic analysis of exploitation, class inequalities and profits. A stylised model of a capitalist economy with two classes - workers and capitalists - is considered which extends Roemer [21, 22]. First, a dynamic generalisation of a key Marxian insight is provided...
Persistent link: https://www.econbiz.de/10011927981