to advance both efficiency and equity. Returns to educational investments tend to decrease over the life cycle. Moreover … life cycle. This creates complementarities between efficiency and equity at early stages and trade-offs at late stages. The … paper goes on to discuss specific policies for efficiency and equity at each educational stage, ranging from early childhood …

status quo against our measures of equity and efficiency. Several proposals may actually worsen the issues they ostensibly …

productive efficiency, in the public sector. We focus on reforms aiming to establish parity between work conditions in the public …

. Distributional equity of the individual burdens of public-good contribution is assessed by a specific sacrifice measure (the “Moulin …

We develop a theoretical framework for equity in council voting games (CVGs). In a CVG, a fully representative voting …). Three equity concepts are proposed: ex-ante (procedural) equity, ex-post (outcome) equity and regional equity. The last two …

equity axioms that in particular are related to the equal sacrifice principle and a non-envy postulate as norms for … distributional equity. Fairness among agents with different preferences is taken into account by considering their marginal …

increase aggregate human well-being, while decreasing its cross-sectional variance. These efficiency and equity effects are …

considers the evidence on return predictability, risk aversion and market efficiency. The paper then focuses on the theoretical … foundation of the EMH, and show that market efficiency could co-exit with heterogeneous beliefs and individual irrationality so … and the collective outcome could display significant departures from market efficiency. Market efficiency could be the …