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A unified perspective on efficiency, redistribution, and public policy
Kaplow, Louis - 2020
Specialized theoretical and empirical research should in principle be embedded in a unified framework that identifies the relevant interactions among different phenomena, enables an appropriate matching of policy instruments to objectives, and grounds normative analysis in individuals' utilities...
Persistent link: https://www.econbiz.de/10012174286
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A soul's view of the optimal population problem
De la Croix, David; Doepke, Matthias - 2021
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
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Evaluating intergenerational risks : probabillity adjusted rank-discounted utilitarianism
Asheim, Geir B.; Zuber, Stéphane - 2015 - This version February 20, 2015
-level generalized utilitarianism (PARDCLU), through a key axiom that requires that the social welfare order both be ethical and satisfy … discounted utilitarianism, and avoids objections that have been raised against other ethical criteria. PARDCLU is shown to handle … situations with positive probability of human extinction, and is linked to decision theory by yielding rank-dependent expected …
Persistent link: https://www.econbiz.de/10010530542
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Probability adjusted rank-discounted utilitarianism
Asheim, Geir B.; Zuber, Stéphane - 2014
We propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU). We … thus generalize rank-discounted utilitarianism (RDU) (proposed by Zuber and Asheim, 2012) to variable population and risky … other policy issues with long-run consequences. We illustrate how PARDCLU yields rank-dependent expected utilitarianism …
Persistent link: https://www.econbiz.de/10010337541
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Probability Adjusted Rank-Discounted Utilitarianism
Asheim, Geir B.; Zuber, Stephane - 2021
We propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU). We … thus generalize rank-discounted utilitarianism (RDU) (proposed by Zuber and Asheim, 2012) to variable population and risky … other policy issues with long-run consequences. We illustrate how PARDCLU yields rank-dependent expected utilitarianism …
Persistent link: https://www.econbiz.de/10013315618
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Fair Intergenerational Utilitarianism : Risk, its Resolution Over Time, and Discounting
Piacquadio, Paolo G. - 2015
The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...
Persistent link: https://www.econbiz.de/10013030316
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Utilitarian mechanism design for an excludable public good
Hellwig, Martin - 2009
This paper studies the design of optimal utilitarian mechanisms for an excludable public good. Excludability provides a basis for making people pay for admissions; the payments can be used for redistribution and/or funding. Whereas previous work assumed that admissions are governed by the...
Persistent link: https://www.econbiz.de/10003862320
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The Limits of Utilitarianism
Dibadj, Reza - 2009
book not remained wedded to the limits of neoclassicism and utilitarianism it would be even better …
Persistent link: https://www.econbiz.de/10014060176
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Intergenerational Equity and the Discount Rate for Cost-Benefit Analysis
Mertens, Jean-Francois; Rubinchik, Anna - 2006
in a wide range, while Relative Utilitarianism implies it equals the growth rate of real per-capita consumption …
Persistent link: https://www.econbiz.de/10014054110
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Optimal utilitarian taxation and horizontal equity
Jordahl, Henrik; Micheletto, Luca - 2003
We impose a horizontal equity restriction on the problem of finding the optimal utilitarian tax mix. The horizontal equity constraint requires that individuals with the same ability have to pay the same amount of taxes regardless of their preferences for leisure. Contrary to normal findings, we...
Persistent link: https://www.econbiz.de/10011508057