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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
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
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