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Equity as a Prerequisite for Stable Cooperation in a Public-Good Economy - The Core Revisited

Buchholz, Wolfgang; Peters, Wolfgang - CESifo - 2010

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

Persistent link: https://www.econbiz.de/10008596567

Tax Base Erosion and Inequity from Michigan's Assessment Growth Limit: The Case of Detroit

Hodge, Timothy R.; Skidmore, Mark; Sands, Gary; … - CESifo - 2013

In this paper we examine the degree to which Michigan’s property value assessment growth cap has eroded the tax base and created substantial differences in effective tax rates among residential properties within the City of Detroit. While the analysis focuses on a specific city with...

Persistent link: https://www.econbiz.de/10010607837

Equitable Representation in the Councils of the United Nations: Theory and Application

Gould, Matthew; Rablen, Matthew - CESifo - 2013

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 …

Persistent link: https://www.econbiz.de/10010723541

Justifying the Lindahl Solution as an Outcome of Fair Cooperation

Buchholz, Wolfgang; Peters, Wolfgang - CESifo - 2005

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 …

Persistent link: https://www.econbiz.de/10005766038

Analyzing a Flat Income Tax in the Netherlands

Mooij, Ruud A. De; Jacobs, Bas; Folmer, Kees - CESifo - 2007

A flat tax rate on income has gained popularity in European countries. This paper assesses the attractiveness of such a flat tax in achieving redistributive objectives with the least cost to labour market performance. We do so by using a detailed applied general equilibrium model for the...

Persistent link: https://www.econbiz.de/10005094497

Efficiency and Equity of European Education and Training Policies

Woessmann, Ludger - CESifo - 2006

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 …

Persistent link: https://www.econbiz.de/10005094505

Theory of the Avatar

Castronova, Edward - CESifo - 2003

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

Persistent link: https://www.econbiz.de/10005196287

Reform of the United Nations Security Council: Equity and Efficiency

Gould, Matthew; Rablen, Matthew D. - CESifo - 2014

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

Persistent link: https://www.econbiz.de/10010779411

Predictability of Asset Returns and the Efficient Market Hypothesis

Pesaran, M. Hashem - CESifo - 2010

This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...

Persistent link: https://www.econbiz.de/10008572494

Incentives to Work and Performance in the Public Sector

Economides, George; Philippopoulos, Apostolis; … - CESifo - 2015

This paper develops a dynamic general equilibrium model with three distinct social groups, capitalists, private workers and public employees. After solving for the status quo equilibrium, which can mimic the advantages of employment in the public sector in most EU countries, the paper looks for...

Persistent link: https://www.econbiz.de/10011163067