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This working paper contains the first results of a questionnaire that was conducted in May 2004 (May, 8-9) among 331 students of the Addis Ababa University to know their opinion about democracy and the political preferences they express through voting. The paper takes the form of the...
Persistent link: https://www.econbiz.de/10008793964
We study the impact of information manipulation by a principal on the agent's effort. In a context of asymmetric information at the principal's advantage, we test experimentally the principal's willingness to bias (overestimate or under-estimate) the information she gives to her agent on his...
Persistent link: https://www.econbiz.de/10008790485
We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being...
Persistent link: https://www.econbiz.de/10010899359
We construct in this paper a dynamic general equilibrium model which displays the central features of the IS-LM model, and notably an income multiplier greater than one, so that crowding out does not occur. It appears that the key to this result is the conjunction of two features of our model:...
Persistent link: https://www.econbiz.de/10010930233
There are two main approaches for defining social welfare relations for an economy with infinite horizon. The first one is to consider the set of intertemporal utility streams generated by a general set of bounded consumptions and define a preference relation between them. This relation is...
Persistent link: https://www.econbiz.de/10010750750
This paper inverts the usual logic of applied optimal income taxation. It starts from the observed distribution of income before and after redistribution and corresponding marginal tax rates. Under a set of simplifying assumptions, it is then possible to recover the social welfare function that...
Persistent link: https://www.econbiz.de/10010738974
This paper inverts the usual logic of applied optimal income taxation. It starts from the observed distribution of income before and after redistribution and corresponding marginal tax rates. Under a set of simplifying assumptions, it is then possible to recover the social welfare function that...
Persistent link: https://www.econbiz.de/10010739105
This paper presents the Paretian Watershed and the fundamental theorems of welfare economics. It distinguishes the British approach (à la Kaldor-Hicks) from the American approach (à la Bergson-Samuelson) to new welfare economics. It develops the more recent domains of happiness economics, the...
Persistent link: https://www.econbiz.de/10010821112
There is no consensus yet on the correct way to write the social utility function in presence of paternalistic altruism … altruism enters the social utility function; otherwise it does only depend on the capital share as in the standard golden rule …. In a two-sector model, optimal growth depends on preferences and relative capital intensities when paternalistic altruism …
Persistent link: https://www.econbiz.de/10010821475
Persistent link: https://www.econbiz.de/10005795256