Showing 1 - 10 of 20
Non-consequentialist features of a choice procedure may matter. The procedural aspect behind availability of alternatives may induce an individual to abstain from choosing any element at all so that the choice set becomes empty. In this paper, the concept of choice is related to procedural...
Persistent link: https://www.econbiz.de/10012733974
We conduct a lab-experimental study of bargaining over the distribution of monetary losses. Groups of four differently endowed participants must agree, as a group, on the contribution each participant will make to cover a financial loss imposed on the group. The study sheds light on burden...
Persistent link: https://www.econbiz.de/10012961756
Human development is about expanding the choices human beings have to lead lives that they value and is captured by its capability sets which consist of various functioning vectors. The standard of living is then reflected in capability sets. This paper proposes some particular ways of measuring...
Persistent link: https://www.econbiz.de/10014059175
In this paper, I make a connection between a Kantian equilibrium for a game as introduced in Roemer (2010) and a conjectural variation equilibrium as discussed in the literature on oligopolistic competition. I show that, for the class of games studied by Roemer (2010), any Kantian equilibrium is...
Persistent link: https://www.econbiz.de/10013073584
This paper develops a conceptual framework, which can accommodate a wide range of value judgments used in ethical evaluations of extended social states and which can be used to differentiate different categories of value judgments by referring to the type of information on which they may be...
Persistent link: https://www.econbiz.de/10013075994
The standard theory of rational choice in economics considers an agent's choices to be rational if and only if the agent makes her choices in different choice situations on the basis of a fixed preference ordering defined over the set of all possible options. This implies that a rational agent's...
Persistent link: https://www.econbiz.de/10013075998
There exists a utilitarian tradition a la Sidgwick of treating equal generations equally in the form of anonymity. Diamond showed that no social evaluation ordering over infinite utility streams satisfying the Pareto principle, Sidgwick's equity principle, and the axiom of continuity exists. We...
Persistent link: https://www.econbiz.de/10012730363
Most, if not at all, practitioners of welfare economics and social choice theory are presumed to be welfaristic in their conviction. Indeed, they evaluate the goodness of an economic policy and/or economic system in terms of the welfare that people receive at the culmination outcomes thereby...
Persistent link: https://www.econbiz.de/10012730365
This paper discusses the behavior of some well-known solutions to standard bargaining problems on the basis of solidarity-type axioms. The paper provides alternative axiomatizations of the egalitarian and the Kalai-Smorodinsky solutions
Persistent link: https://www.econbiz.de/10012733972
A welfaristic method of policy evaluation focuses exclusively on the effect of the policy on individuals' utilities. In contrast, a non-welfaristic way of assessing policies attaches some importance to factors other than the effects of policies on individuals' utilities. This paper develops a...
Persistent link: https://www.econbiz.de/10012733975