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The Pareto principle of optimal inequality
BOMMIER, Antoine; ZUBER, Stéphane - Center for Operations Research and Econometrics (CORE), … - 2009
Persistent link: https://www.econbiz.de/10008550226
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Can cultural education crowd out arts subsidization ?
CHAMPARNAUD, Luc; GINSBURGH, Victor; MICHEL, Philippe - Center for Operations Research and Econometrics (CORE), … - 2002
arts in one way or the other. The literature considers several arguments in favor of such interventions. Education may seem … overlapping generations model in which young consumers are exposed to both public education towards the arts and transmission of … such a taste from their parents and show that the first-best can be reached only if there is both public cultural education …
Persistent link: https://www.econbiz.de/10005043228
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How does selfishness affect well-being ?
MILCHTAICH, Igal - Center for Operations Research and Econometrics (CORE), … - 1999
well-being of others as well as with his own, or are there situations in which altruism can actually make things worse for …
Persistent link: https://www.econbiz.de/10005008674
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Altruism, Voluntary Contributions and Neutrality. The Case of Environmental Quality.
Jouvet, P-A; Michel, P; Pestieau, P - Center for Operations Research and Econometrics (CORE), … - 1996
This paper develops a dynamic model wherein production generates pollution that is viewed as a public bad by consumers. There are two types of consumers : those who are altuist a la Barro-Becker and leave bequests to their children and those who are pure life-cyclers. Both types of consumers...
Persistent link: https://www.econbiz.de/10005478916
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Optimal Population Without Repugnant Aspects.
Michel, P.; Pestieau, P - Center for Operations Research and Econometrics (CORE), … - 1996
This paper addresses the issue of optimum population with two concerns : avoiding both the absolute repugnant solution that amounts to giving to an infinite number an infinitesimal amount and the marginal repugnant solution in which equilibrium consumption decresases with income. To avoid these...
Persistent link: https://www.econbiz.de/10005478961
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Climate policies: a burden or a gain?
BRECHET, Thierry; TULKENS, Henry - Center for Operations Research and Econometrics (CORE), … - 2013
That climate policies are costly is evident and therefore often creates major fears. But the alernative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are, and in addition, they are substitutes. This brings climate policies naturally in the...
Persistent link: https://www.econbiz.de/10010927667
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Privatizing social security: a critical assessment
BELAN, Pascal; PESTIEAU, Pierre - Center for Operations Research and Econometrics (CORE), … - 1997
The purpose of this paper is to provide a critical evaluation of theoretical models showing that shifting from pay-as-you-go to funded social security schemes can be made Pareto-improving. Further, it argues that what often makes a reform toward funded schemes attractive is a number of...
Persistent link: https://www.econbiz.de/10005043092
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Pension funds and capital accumulation
BELAN, P.; MICHEL, Ph.; WIGNIOLLE, B. - Center for Operations Research and Econometrics (CORE), … - 2001
This note presents a model in which pension funds, by holding a signifiant share of capital assets, can exert a non competitive behavior on labor market. This leads to lower wages and higher capital returns, and can reduce capital accumulation and Long-run welfare.
Persistent link: https://www.econbiz.de/10005043354
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Temporary bubbles in an economy with under-accumulation
MICHEL, Philippe; WIGNIOLLE, Bertrand - Center for Operations Research and Econometrics (CORE), … - 2000
This paper studies the equilibrium dynamics of an overlapping generations model with capital, money and cash-in-advance constraints. At each date the economy can experience two different regimes. In the first one the cash-inadvance constraint is binding and money is a dominated asset. In the...
Persistent link: https://www.econbiz.de/10005008155
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Climate coalitions: a theoretical and computational appraisal
BRECHET, Thierry; GERARD, François; TULKENS, Henry - Center for Operations Research and Econometrics (CORE), … - 2007
Using an updated version of the CWS model (introduced by Eyckmans and Tulkens in Resource and Energy Economics 2003), this paper intends to evaluate with numbers the respective merits of two competing notions of coalition stability in the standard global public goods model as customarily applied...
Persistent link: https://www.econbiz.de/10005008179