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A Fairness Justification of Utilitarianism
Piacquadio, Paolo G. - 2016
among individuals with the same preferences. We show that, together with efficiency, continuity, and separability, these …
Persistent link: https://www.econbiz.de/10012996204
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Justifying the Lindahl Solution as an Outcome of Fair Cooperation
Buchholz, Wolfgang; Peters, Wolfgang - 2021
The Lindahl equilibrium is mostly motivated by a rather artificial price mechanism. Even though the analogy to a competitive market has been emphasised by Lindahl himself his approach does not directly explain the normative ideas, which are behind this concept. In the present paper we therefore...
Persistent link: https://www.econbiz.de/10013318275
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What's the Monetary Value of Distributive Justice?
Corneo, Giacomo; Fong, Christina M. - 2021
This paper proposes a model that can be implemented to estimate the willingness to pay for distributive justice. A … formula is derived that allows one to recover the willingness to pay for distributive justice from the estimated coefficients … monetary value of justice in the United States is about one fifth of GDP. We find no evidence that the value of justice varies …
Persistent link: https://www.econbiz.de/10013318437
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Intention-Based Fairness Preferences in Two-Player Contests
Hoffmann, Magnus - 2013
We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...
Persistent link: https://www.econbiz.de/10013086605
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Complexity, Efficiency, and Fairness of Multi-Product Monopoly Pricing
Miravete, Eugenio J. - 2014
The Pennsylvania Liquor Control Board administers the purchase and sale of wine and spirits and is mandated to charge a uniform 30% markup on all products. We use an estimated discrete choice model of demand for spirits, together with information on wholesale prices, to assess the implications...
Persistent link: https://www.econbiz.de/10013055988
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Team or Individual : What Determines Workers' Preferred Bonus Schemes?
Torsvik, Gaute - 2011
This paper uses data from a firm with team production to investigate the association between workers' productivity, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case. Workers persistently producing above the team average...
Persistent link: https://www.econbiz.de/10013117787
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Trade, Wages, and Profits
Egger, Hartmut - 2012
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...
Persistent link: https://www.econbiz.de/10013101194
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Emotions and Political Unrest
Passarelli, Francesco - 2013
This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is predictable because individuals have a...
Persistent link: https://www.econbiz.de/10013084007
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Cutthroat Capitalism versus Cuddly Socialism : Are Americans More Meritocratic and Efficiency-Seeking than Scandinavians?
Almås, Ingvild - 2017
views, but not in the importance assigned to efficiency. The study also provides robust causal evidence of fairness … considerations being much more fundamental for inequality acceptance than efficiency considerations in both countries …
Persistent link: https://www.econbiz.de/10012963592
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Working Time Regulation, Unequal Lifetimes and Fairness
Leroux, M.‐L. - 2017
We examine the redistributive impact of working time regulations in an economy with unequal lifetimes. It is shown that uniform working time reductions, when uncompensated (i.e. constant hourly wage), can reduce inequalities in realized lifetime well-being between short-lived and long-lived...
Persistent link: https://www.econbiz.de/10012963777