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We generalize Hammond's characterisation of leximin by introducing a very weak two-person equity condition. In addition to strengthening the defence of the leximin principle, this result is of interest from a more technical point of view. Contrary to the present understanding in the literature...
Persistent link: https://www.econbiz.de/10005646782
It has been argued that any plausible egalitarian theory should give asbolute priority to the worst off in a conflict with the best off in society. In this paper, we show that this framework is closely linked to the leximin approach, and on the basis of a condition named the conditional...
Persistent link: https://www.econbiz.de/10005672045
In this paper, we suggerst that one plausible view is to keep us responsible for the parts of the consequences that are independent of the factors beyond our control. Within the framework of a first best taxation problem, we present and characterise a redistributive mechanism that both satisfies...
Persistent link: https://www.econbiz.de/10005646765
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The basic problem in poverty measurement is how to weigh the income of different groups. This is a normative problem on … plurality. In the paper, we suggest an approach to poverty measurement which avoids incorporating any particular normative … position on how to weigh the interests of various poor groups, but rather reports on changes in poverty by making explicit the …
Persistent link: https://www.econbiz.de/10005672001
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In the optimal tax problem, the maximand is quasi-convex in consumer prices. In such a case, there exists no separating hyperplane between the upper contour set of the maximand and the constraint set. Therefore, the second order properties of optimal tax problems are somewhat non-standard...
Persistent link: https://www.econbiz.de/10005781239
Discussion of the marginal cost of public funds with distortionary taxation are often cast in the framework of a one-consumer economy, while the main justification of distortionay taxes is that they are needed for distribution. This paper analyzes the issue in a model with heterogeneous...
Persistent link: https://www.econbiz.de/10005783285
Triest (1990) argues that measuring the marginal cost of public funds (MCF) and the marginal excess burden (MEB) requires equivalent variation measures: MCF should be evaluated at consumer prices while MEB requires the use of producer prices. This paper follows up on Triest's argument by showing...
Persistent link: https://www.econbiz.de/10005646740