Showing 1 - 10 of 21
Undiscounted utilitarianism as a criterion of intergeneration justice has been questioned for different reasons: It has been argued (1) that any complete ordering of allocations with an infinite number of generations guaranteeing an optimal allocation must involve discounting, and (2) that...
Persistent link: https://www.econbiz.de/10005405840
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/10011103396
We propose the concept of level r consensus as a useful property of a preference profile which considerably enhances the stability of social choice. This concept involves a weakening of unanimity, the most extreme form of consensus. It is shown that if a preference profile exhibits level r...
Persistent link: https://www.econbiz.de/10010877963
Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to ‘fat-tailed’ risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10010703424
additional bargaining power. Negotiating as a group may also cause more inefficiencies due to bargaining failure, and this may …
Persistent link: https://www.econbiz.de/10010877880
In a recent paper Konrad and Thum (2014) present a model that shows that unilateral pre-commitment reduces the likelihood of agreement in bilateral negotiations over the provision of a public good when parties have private information over their contribution costs. We test the model in a...
Persistent link: https://www.econbiz.de/10010877951
We consider a bargaining model in which husband and wife decide on the allocation of time and disposable income. Since … her bargaining power would go down otherwise more strongly, the wife agrees to have a child only if the husband also …
Persistent link: https://www.econbiz.de/10010948876
The objective of this paper is to investigate the usefulness of non-cooperative bargaining theory for the analysis of … multilateral, multiple issues, non-cooperative bargaining model of water allocation in the Piave River Basin, in the North East of … problem and conduct comparative static analyses to assess sources of bargaining power. Finally, we explore the implications of …
Persistent link: https://www.econbiz.de/10005249457
We study the spillover effects of minimum wages in a laboratory experiment. In a bilateral firm-worker bargaining …
Persistent link: https://www.econbiz.de/10009294100
makers’, understanding of the final stage of the procedure – bargaining in the Conciliation Committee – is crucial. Here, EP … bargaining theory to predict inter-institutional agreements in the Conciliation Committee, it turns out that although …
Persistent link: https://www.econbiz.de/10005765847