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Evaluation via extended orderings: empirical findings from west and east
Gaertner, Wulf; Jungeilges, Jochen - London School of Economics (LSE) - 1999
positional rule and it is modified to reflect considerations of equity. Such considerations are introduced by transforming the … original linear weighting system such that an equity axiom well known from the social choice literature is satisfied. Students … the equity axiom, viz. there is one person who is worst off under two alternatives x and y. This person is better off …
Persistent link: https://www.econbiz.de/10010928802
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Climate policy under sustainable discounted utilitarianism
Dietz, Simon; Asheim, Geir B. - London School of Economics (LSE) - 2011
Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is contro-versial, both due to the conditions through which it is justifed and due to its consequences for climate policies, where the discounting of...
Persistent link: https://www.econbiz.de/10010745973
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Choices in egalitarian distribution: inequality aversion versus risk aversion
Kroll, Yoram; Davidovitz, Leima - London School of Economics (LSE) - 1999
Inequality aversion and risk aversion are widely assumed features of economic models. But a review of the literature revealed that inequlity aversion and risk aversion are treated as separate variables. This paper presents exploratory research designed to separate inequality aversion from risk...
Persistent link: https://www.econbiz.de/10010746509
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Assessing risky social situations
Fleurbaey, Marc - London School of Economics (LSE) - 2009
This paper re-examines the welfare economics of risk. It singles out a class of criteria, the “expected equally-distributed equivalent”, as the unique class which avoids serious drawbacks of existing approaches. Such criteria behave like ex-post criteria when the final statistical...
Persistent link: https://www.econbiz.de/10011071512
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Decision making in committees: transparency, reputation, and voting rules
Levy, Gilat - London School of Economics (LSE) - 2007
In this paper I analyze the effect of the transparency of the decision making process in committees on the decisions that are eventually taken. I focus on committees whose members are motivated by career concerns, so that each member tries to enhance his own reputation. When the decision making...
Persistent link: https://www.econbiz.de/10010884588
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Why do non-union employees want to unionise? Evidence from Britain
Charlwood, Andy - London School of Economics (LSE) - 2001
The introduction of a statutory recognition procedure offers British unions the opportunity to reverse membership decline by organising non-union workers. The aim of this paper is to test theories of individual union joining in order to assess the likely impact of the new procedure on British...
Persistent link: https://www.econbiz.de/10010884678
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New housing supply and the dilution of social capital
Hilber, Christian A. L. - London School of Economics (LSE) - 2007
This paper examines the role of local housing market conditions for social capital accumulation and neighborhood club good provision. A model of individual investment decisions predicts that in a setting with high property transaction costs (i) homeowners are more likely to invest in social...
Persistent link: https://www.econbiz.de/10010928759
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Cooperatives vs. outside ownership
Hart, Oliver; Moore, John - London School of Economics (LSE) - 1998
We are concerned with the design of a constitution for a firm - an ex ante contract which assigns residual rights of control (and possibly residual income rights) without reference to the issue to be decided. We focus attention on two polar constitutions: non-profit cooperatives and outside...
Persistent link: https://www.econbiz.de/10010928786
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The economic implications of house price capitalization: a synthesis
Hilber, Christian A. L. - London School of Economics (LSE) - 2015
In this article I argue that the extent to which fiscal variables are capitalized into house prices has important economic implications. I synthesize an emerging literature that explores the conditions under which public and private investments and intergovernmental transfers are capitalized...
Persistent link: https://www.econbiz.de/10011272169
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Group deliberation and the transformation of judgments: an impossibility result
List, Christian - London School of Economics (LSE) - 2007
While a large social-choice-theoretic literature discusses the aggregation of individual judgments into collective ones, there is relatively little formal work on the transformation of individual judgments in group deliberation. I develop a model of judgment transformation and prove a baseline...
Persistent link: https://www.econbiz.de/10010744872