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A Soul's View of the Optimal Population Problem

De la Croix, David; Doepke, Matthias - National Bureau of Economic Research - 2021

A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with different population levels. Such a criterion is essential to resolve the optimal population problem, i.e., the tradeoff between population size and the welfare of each person...

Persistent link: https://www.econbiz.de/10012496107

Addressing the COVID-19 Pandemic : Comparing Alternative Value Frameworks

Ferranna, Maddalena; Sevilla, J. P.; Bloom, David E. - National Bureau of Economic Research - 2021

of benefit-cost analysis, utilitarianism, and prioritarianism in evaluating COVID-19-related policies. The relative … less aggressive control policies. Utilitarianism and prioritarianism, in that order, increasingly favor income … likely than utilitarianism or benefit-cost analysis to target young and socioeconomically disadvantaged individuals in the …

Persistent link: https://www.econbiz.de/10012496155

Spreading the Wealth Around : Reflections Inspired by Joe the Plumber

Mankiw, N. Gregory - 2010

individuals' moral intuitions. The essay then explores an alternative normative framework, dubbed the Just Deserts Theory …

Persistent link: https://www.econbiz.de/10012462806

A Fundamental Objection to Tax Equity Norms : A Call for Utilitarianism

Kaplow, Louis - 1994

believe utilitarianism to be insufficiently egalitarian. Second, utilitarianism does not give independent weight to other …

Persistent link: https://www.econbiz.de/10012473938

Utilitarianism and Horizontal Equity : The Case for Random Taxation

Stiglitz, Joseph E. - 1981

This paper establishes that, far from being able to derive the principle of horizontal equity from utilitarianism, the … principle is actually in- consistent with utilitarianism in a variety of circumstances. We derive conditions under which (a) it … imposed on a set of otherwise identical individuals (ex ante randomization). The implications for optimal tax theory are …

Persistent link: https://www.econbiz.de/10012478424

Productivity, welfare and reallocation : theory and firm-level evidence

Basu, Susanto (contributor) - 2010

"We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...

Persistent link: https://www.econbiz.de/10011394520

Behavioral Public Economics : Welfare and Policy Analysis with Non-Standard Decision-Makers

Bernheim, B. Douglas - 2005

This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...

Persistent link: https://www.econbiz.de/10012467161

Economic Analysis of Welfare Economics, Morality and the Law

Shavell, Steven - 2003

This paper contains the chapters on welfare economics, morality, and the law from a general, forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, 2003). I begin in chapter 26 with a discussion of the normative foundations of economic analysis, namely, the subject...

Persistent link: https://www.econbiz.de/10012468998

Some Theoretical Connections Among Wealth, Income, Sustainability, and Accounting

Weitzman, Martin L. - 2016

In theory, and under some quite strong assumptions, there exists an important rigorous quantitative relationship among …-fold quantitative relationship in an ultra-simplified setting. I identify some basic applications of this simplified economic theory of …

Persistent link: https://www.econbiz.de/10012456614

A Welfare Criterion for Models with Distorted Beliefs

Brunnermeier, Markus K. - 2014

This paper proposes a welfare criterion for economies in which agents have heterogeneously distorted beliefs. Instead of taking a stand on whose belief is correct, our criterion asserts that an allocation is belief-neutral efficient (inefficient) if it is efficient (inefficient) under any convex...

Persistent link: https://www.econbiz.de/10012457975