Showing 1 - 10 of 40
We argue that the economic evaluation of health care (cost-benefit analysis) should respect individual preferences and should incorporate distributional consid- erations. Relying on individual preferences does not imply subjective welfarism. We propose a particular non- welfarist approach, based...
Persistent link: https://www.econbiz.de/10008550199
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
For two independent principles of intergenerational equity, the implied discount rate equals the growth rate of real per-capita income, say 2%, thus falling right into the range suggested by the U.S. Offce of Management and Budget. To prove this, we develop a simple tool to evaluate small policy...
Persistent link: https://www.econbiz.de/10005008455
This paper proposes a dynamic model of international negotiations on transboundary pollution. This approach is characterized by a discrete time formulation ( at variance with the continuous model of Kaitale et al.(1995)) and by a suitable formulation of the local information assumption on cost...
Persistent link: https://www.econbiz.de/10005043290
A recurrent dilemma in team management is to select between a team-based and an individual based wage scheme. We explore such a dilemma in a simple model of production in teams, in which the team members may differ in their effort choices and qualification. We show that, in spite of enhancing...
Persistent link: https://www.econbiz.de/10008550185
There is a wide range of economic problems involving the exchange of indivisible goods without monetary transfers, starting from the housing market model of the seminal paper of Shapley and Scarf [10] and including other problems like the kidney exchange or the school choice problems. For many...
Persistent link: https://www.econbiz.de/10008550195
Existing political economy models of pensions focus on age and productivity. In this paper we incorporate two additional individual characteristics: sex and marital status. We ignore the role of age, by assuming that people vote at the start of their life, and characterize the preferred rate of...
Persistent link: https://www.econbiz.de/10008550216
Noise-induced pollution constitutes a hot and topical societal problem for all major airports. This paper discusses various issues in the implementation of a market for noise licenses as a solution to solve the noise externality between the residents located around airports and the aircrafts...
Persistent link: https://www.econbiz.de/10008836128
Derived pension rights exist in most Social Security systems but with variable generosity. They are mainly targeted towards non-working wives and widows and are viewed as a means to alleviate poverty among older women living alone. The purpose of this paper is to explain how they can emerge from...
Persistent link: https://www.econbiz.de/10008836137
Theoretical models of government formation in political science usually assume that the head of state in non-strategic. In this paper, we analyze the power of an agenda setter who chooses the order in which players are recognized to form coalitions in simple games.
Persistent link: https://www.econbiz.de/10005478947