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Intragenerational Inequality Aversion and Intergenerational Equity
Cairns, Robert D.; Del Campo, Stellio; Martinet, Vincent - 2021
We study the interplay between intragenerational and intergenerational equity in an economy with two countries producing and consuming from national capital stocks. We characterize the sustainable development path that a social planner would implement to achieve intertemporal egalitarianism. If...
Persistent link: https://www.econbiz.de/10013239334
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Infinite Population Utilitarian Criteria
Asheim, Geir B.; Kamaga, Kohei; Zuber, Stéphane - 2022
how a novel criterion, Strongly Anonymous Utilitarianism, can be characterized by combining Strong Anonymity with other …
Persistent link: https://www.econbiz.de/10013300869
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The Equal-Sacrifice Social Welfare Function with an Application to Optimal Income Taxation
Berg, Kristoffer - 2020
utilitarianism. We illustrate our results within the Mirrleesian optimal taxation framework. Our simulated equal-sacrifice optimal …
Persistent link: https://www.econbiz.de/10012824737
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Optimal Lockdown and Social Welfare
Pestieau, Pierre; Ponthiere, Gregory - 2021
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 … shown to deteriorate the situation of the worst-off, against Hammond Equity. In order to do justice to Hammond Equity, we …
Persistent link: https://www.econbiz.de/10013314954
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Competition and Waiting Times in Hospital Markets
Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - 2021
This paper studies the impact of hospital competition on waiting times. We use a Salop-type model, with hospitals that differ in (geographical) location and, potentially, waiting time, and two types of patients; high-benefit patients who choose between neighbouring hospitals (competitive...
Persistent link: https://www.econbiz.de/10013316811
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Social Preferences and the Variability of Conditional Cooperation
Baader, Malte; Gaechter, Simon; Lee, Kyeongtae; Sefton, … - 2022
We experimentally examine how the incentive to defect in a social dilemma affects conditional cooperation. In our first study we conduct online experiments in which subjects play eight Sequential Prisoner’s Dilemma games with payoffs systematically varied across games. We find that few second...
Persistent link: https://www.econbiz.de/10014077010
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Efficient Incentives with Social Preferences
Daske, Thomas; March, Christoph - 2022
This study explores mechanism design with allocation-based social preferences. Agents’ social preferences and private payoffs are all subject to asymmetric information. We assume quasi-linear utility and independent types. We show how the asymmetry of information about agents’ social...
Persistent link: https://www.econbiz.de/10014082238
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Fair Pension Policies with Occupation-Specific Aging
Grossmann, Volker; Schünemann, Johannes; Strulik, Holger - 2021
We discuss public pension systems in a multi-period overlapping generations model with gerontologically founded human aging and a special focus on occupation-specific morbidity and mortality. We examine how distinct replacement rates for white-collar and blue-collar workers and early retirement...
Persistent link: https://www.econbiz.de/10013219069
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Intergenerational Actuarial Fairness When Longevity Increases : Amending the Retirement Age
Bravo, Jorge Miguel; Ayuso, Mercedes; Holzmann, Robert; … - 2021
Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for people to retire prematurely. To this end,...
Persistent link: https://www.econbiz.de/10013314670
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Risk Matters : Breaking Certainty Equivalence
Parra-Alvarez, Juan Carlos - 2020
In this paper we use the property that certainty equivalence, as implied by a first-order approximation to the solution of stochastic discrete-time models, breaks in its equivalent continuous-time version. We study the extent to which a first-order approximated solution built by perturbation...
Persistent link: https://www.econbiz.de/10012834991