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Differences in preferences are important to explain variation in individuals' behavior. There is however no consensus on how to take these differences into account when evaluating policies. While prominent in the economic literature, the standard utilitarian criterion faces two major...
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I study the egalitarian way of distributing resources across generations. Distributional equity deeply conflicts with the Pareto principle: efficient allocations cannot guarantee that i) each generation be assigned a consumption bundle that is at least as large as an arbitrarily small fraction...
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claims. We focus on market-based allocation rules that impose a two-step procedure: assignment of rights based on claims …-assignment rules that guarantee that the allocation rules are fair. We apply our results to problems of greenhouse gas emissions and …
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resource. The individual allocation proposals are aggregated in terms of altruism and value for the resource under dispute to … obtain a single allocation. The resulting allocation rule is generalized to the n-individuals case through efficiency and … number of situations, such as river sharing problems, sequential allocation and rationing problems …
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