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Of Rawls's two principles of justice only the second has received attention from economists. The second principle is concerned with the social and economic conditions in a just society. The first principle, however, has largely been neglected. It claims, that all people in society should have...
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Let there be two individuals: "rich," and "poor." Due to inefficiency of the income redistribution policy, if a social planner were to tax the rich in order to transfer to the poor, only a fraction of the taxed income would be given to the poor. Under such inefficiency and a standard utility...
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Untersuchung ist zweigeteilt. Der erste Teil rekonstruiert Elsters Beiträge zu einer Theorie lokaler Gerechtigkeit. Der zweite Teil … betreffen zum einen den Erklärungsgehalt seiner Analysen ((4)). Sie betreffen zum anderen den normativen Ertrag seiner Theorie … lokaler Gerechtigkeit für eine allgemeine Theorie sozialer Gerechtigkeit ((5)). Der Beitrag endet mit einer abschließenden …
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emerging social choice theory -, two conflicting ways of dealing with mathematical tools in welfare economics and, above all …
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We develop a critique of government interventionism based on the Misesian calculation argument against socialism. If private property rights and relative prices based on supply and demand are necessary for successful economic coordination, then conventional market failure theories cannot be...
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This paper studies allocation correspondences in the house allocation problems with collective initial endowments. We examine the implications of two axioms, namely “consistency” and “unanimity.” Consistency requires the allocation correspondence be invariant under reductions of...
Persistent link: https://www.econbiz.de/10003321209