, whereas the conventional 100 % tax view holds under the standard utilitarian social welfare criterion, it does not hold under … the ex post egalitarian criterion, which assigns a strong weight to the welfare of unlucky short-lived individuals. From …

analyse how the welfare state, i.e., social insurance that works through redistributive taxation, should deal with this trend …. We distinguish between risks that can be insured by the welfare state and such than cannot (background risks). Insurable … terms of income foregone. We show: (i) Self-insurance will be higher the more costly is the welfare state and the larger are …

This paper analyzes nature protection by a social planner under different ?utilitarian? social welfare functions. For … efficient allocations when social welfare is anthropocentric (only consumers have positive welfare weights), and when social … welfare is nonanthropocentric (all species have positive welfare weights). Not surprisingly, biocentric social welfare calls …

postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social … further reduces average utility, but leads to a larger aggregate welfare. The optimal lockdown under utilitarianism is also …