Showing 1 - 10 of 676,375
distributional equity. Fairness among agents with different preferences is taken into account by considering their marginal … equity axioms that in particular are related to the equal sacrifice principle and a nonenvy postulate as norms for …
Persistent link: https://www.econbiz.de/10013318275
We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are inequity averse and may differ in ability. We show that equality may lead to a reduction of public good provision below levels generated by purely selfish agents. But introducing...
Persistent link: https://www.econbiz.de/10013129910
In this paper, we show that progressivity (regressivity) of burden sharing in a Lindahl equilibrium is a direct consequence of gross complementarity (substitutability) between the private and the public good when the public good is taken as the numéraire. We, moreover, link the respective...
Persistent link: https://www.econbiz.de/10011742562
In 'Delivering Justice: Programme of Action to Strengthen the Rule of Law at the National and International Levels', the Secretary-General of the United Nations, argued that the rule of law involves more than the state and its institutions: it “is at the heart of the social contract between...
Persistent link: https://www.econbiz.de/10013085608
This paper reviews the literature on policies aiming to improve the rule of law and the operation of a legal system. It takes a bottom up perspective of clients seeking access to justice and uses transaction costs on the market for justice as a criterion to evaluate justice policies. Most...
Persistent link: https://www.econbiz.de/10014203922
. Distributional equity of the individual burdens of public-good contribution is assessed by a specific sacrifice measure (the 'Moulin …
Persistent link: https://www.econbiz.de/10010270530
Based on the premise that fairness is different from equity and that it is primarily used in informal contexts we … present an economic approach to fairness. Discussing the results of behavioral economics reveals the experience that people do … aspects of fairness are discussed in two ways: first, Varian's idea of envy-free allocations in a general equilibrium context …
Persistent link: https://www.econbiz.de/10010271587
Based on the premise that fairness is different from equity and that it is primarily used in informal contexts we … present an economic approach to fairness. Discussing the results of behavioral economics reveals the experience that people do … aspects of fairness are discussed in two ways: first, Varian's idea of envy-free allocations in a general equilibrium context …
Persistent link: https://www.econbiz.de/10003969334
. Distributional equity of the individual burdens of public-good contribution is assessed by a specific sacrifice measure (the "Moulin … agreement in the public-good economy. -- public goods ; core ; equity ; stability of cooperation …
Persistent link: https://www.econbiz.de/10003983187
This paper analyzes which type of intrinsic preferences drive an agent's behavior in a sequential public good game depending on whether the agent is first or second mover. Theoretical predictions are based on heterogeneity of individuals in terms of social and risk preferences. We modelize...
Persistent link: https://www.econbiz.de/10013150878