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We first build a fair wage model in which effort varies over the business cycle. This mechanism decreases the need for other sources of sluggishness to explain the observed high inflation persistence. Second, we confront empirically our fair wage model with a New Keynesian model based on the...
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. Showing that Rawls’ “A Theory of Justice” (1971) can consistently meet the identified demands, I verify that it is an … appropriate theory for deriving a conception of ecological justice. …. Showing that Rawls' "A Theory of Justice" (1971) can consistently meet the identified demands, I verify that it is an …
Persistent link: https://www.econbiz.de/10009009069
This paper investigates how one can derive "fair" allocation shares for renewable and non-renewable resources from a Rawlsian standpoint. Since there are competing interests over limited resources both within and between generations, it is argued that the respective trade-offs call for a more...
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This paper presents a characterization of a welfare index for the evaluation of primary goods (to be understood as those goods that all agents should enjoy equally). The welfare associated with a given distribution of n primary goods among m agents is measured as the sum of n real-valued...
Persistent link: https://www.econbiz.de/10009724425
This paper analyzes a general-equilibrium model in which each person can choose to be either a producer or a predator. This model shows how predation breaks the link between the interpersonal distribution of productive resources and the interpersonal distribution of consumption. Specifically, we...
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