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inequity, whether across states of world (uncertainty), across individuals (inequality) and across generations … (intergenerational equity), using a common framework generalizing the discounted expected utilitarianism approach. We propose a general …
Persistent link: https://www.econbiz.de/10011662424
In the distributive analysis, the constant relative inequality aversion utility function is a standard tool for ethical … judgements of income distributions. The sole parameter ε of this function expresses a society’s aversion to inequality. However … inequality aversion utility function using datasets available from the Luxembourg Income Study Database. We utilise the method of …
Persistent link: https://www.econbiz.de/10012887975
We design a novel experiment to identify aversion to pure (univariate) health inequality separately from aversion to … income-related and income-caused health inequality. Participants allocate resources to determine health of individuals … preferences while accounting for noise. The median person has strong aversion to pure health inequality, challenging the health …
Persistent link: https://www.econbiz.de/10014249848
preferences to (i) disentangle aversion to intergenerational inequality from aversion to risk, (ii) exhibit a preference for early … resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …
Persistent link: https://www.econbiz.de/10013030316
I review the complex welfare economic issues that arise in environmental decision-making over very long periods, as in cases relating to climate change and biodiversity loss. I also consider the issues that arise in choosing a discount rate to apply to very long-run projects and indicate how...
Persistent link: https://www.econbiz.de/10014023911
A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with different population levels. Such a criterion is essential to resolve the optimal population problem, i.e., the tradeoff between population size and the welfare of each person...
Persistent link: https://www.econbiz.de/10012493350
This paper presents an infinite-horizon version of intergenerational utilitarianism. By studying discounted … utilitarianism as the discount factor tends to one, we obtain a new welfare criterion: limit-discounted utilitarianism (LDU). We show …
Persistent link: https://www.econbiz.de/10011855845
inequity, whether across states of world (uncertainty), across individuals (inequality) and across generations … (intergenerational equity), using a common framework generalizing the discounted expected utilitarianism approach. We propose a general …
Persistent link: https://www.econbiz.de/10012959236
income inequality in a society. However, can such a transfer reduce the welfare of the society? We show that a rich …-to-poor transfer can induce a response in the individuals' behaviors which actually exacerbates, rather than reduces, income inequality … space of admissible utility functions. In addition, we show that a rich-to-poor transfer can exacerbate inequality when we …
Persistent link: https://www.econbiz.de/10012945812
differs from the students’ distribution. In the general population, three types emerge: an inequality averse, an altruistic … of an inequality averse type in the student population is particularly striking considering the fact that this type …
Persistent link: https://www.econbiz.de/10014502446