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The Equal-Sacrifice Social Welfare Function with an Application to Optimal Income Taxation
Berg, Kristoffer - 2020
We propose and axiomatically characterize a family of welfare criteria that prioritize individuals making larger sacrifices. By combining efficiency with a concern for equality of sacrifice, our criteria avoid serious shortcomings of utilitarianism. We illustrate our results within the...
Persistent link: https://www.econbiz.de/10012824737
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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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Optimal Lockdown and Social Welfare
Pestieau, Pierre; Ponthiere, Gregory - 2021
-maximal lockdown saving lives at the cost of reducing average utility at a given period, there exists always a stricter lockdown, which … further reduces average utility, but leads to a larger aggregate welfare. The optimal lockdown under utilitarianism is also …
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
payoffs are all subject to asymmetric information. We assume quasi-linear utility and independent types. We show how the …
Persistent link: https://www.econbiz.de/10014082238
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Intertemporal Utility with Heterogeneous Goods and Constant Elasticity of Substitution
Quaas, Martin - 2020
We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of … the goods. We find that a standard (stationary) intertemporal utility function is consistent with these two properties if … elasticities of substitution are identical, or if the instantaneous utility function is Cobb-Douglas. We also characterize the …
Persistent link: https://www.econbiz.de/10012844425
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The Many Faces of Human Sociality : Uncovering the Distribution and Stability of Social Preferences
Bruhin, Adrian - 2018
There is vast heterogeneity in the human willingness to weigh others’ interests in decision making. This heterogeneity concerns the motivational intricacies as well as the strength of other-regarding behaviors, and raises the question how one can parsimoniously model and characterize...
Persistent link: https://www.econbiz.de/10012908656
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Communication and Social Preferences : An Experimental Analysis
Cabrales, Antonio; Feri, Francesco; Gottardi, Piero; … - 2021
This paper reports on experiments regarding cheap talk games where senders attempt deception when their interests are not in conflict with those of the receiver. The amount of miscommunication is higher than in previous experimental findings on cheap talk games in situations where senders’ and...
Persistent link: https://www.econbiz.de/10013250032
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Leaky Bucket in the Real World : Estimating Inequality Aversion Using Survey Data
Pirttila, Jukka; Uusitalo, Roope - 2021
Existing evidence of inequality aversion relies on data from class-room experiments where subjects face hypothetical questions. This paper estimates the magnitude of inequality aversion using representative survey data, with questions related to the real-economy situations the respondents face....
Persistent link: https://www.econbiz.de/10013317002