Showing 1 - 10 of 3,638
This paper develops an expanded framework for social planning in which the existence of coercion is explicitly acknowledged. Key issues concern the precise definition of coercion for individuals and in the aggregate, its difference from redistribution, and its incorporation into normative...
Persistent link: https://www.econbiz.de/10003791813
Persistent link: https://www.econbiz.de/10003711907
Our societies are witnessing a steady increase in longevity. This demographic evolution is accompanied by some convergence across countries, whereas substantial longevity inequalities persist within nations. The goal of this paper is to survey some crucial implications of changing longevity on...
Persistent link: https://www.econbiz.de/10009621750
Persistent link: https://www.econbiz.de/10011506447
The expansion of welfare-state arrangements is seen as the result of dynamic interaction between market behaviour and political behaviour, often with considerable time lags, sometimes generating either virtuous or vicious circles. Such interaction may also involve induced (endogenous) changes in...
Persistent link: https://www.econbiz.de/10011508052
This paper combines the standard incomplete markets model of uninsurable idiosyncratic risks and borrowing constraints with the Arrow/Romer approach to endogenous growth to analyze the interaction of risk, growth, and inequality, the latter also endogenously determined in equilibrium. We derive...
Persistent link: https://www.econbiz.de/10009540768
This paper reexamines the design of the optimal lockdown strategy by paying attention to its robustness to the postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social criterion can, under some conditions, imply a COVID-19...
Persistent link: https://www.econbiz.de/10012313558
This paper reviews the economics approach to conflict and national borders. The paper (a) provides a summary of ideas and concepts from the economics literature on the size of nations; (b) illustrates them within a simple analytical framework where populations fight over borders and resources,...
Persistent link: https://www.econbiz.de/10003910523
equilibrium if all countries are democracies. Three key findings emerge. First, the perpetual peace equilibrium hypothesized by … exist with a positive war frequency. Third, if multiple equilibria exist, the perpetual peace equilibrium may be unstable in …
Persistent link: https://www.econbiz.de/10009781696
over an insecure portion of their combined output, we study the choice between a peace agreement that maintains the status … quo without arming (or unarmed peace) and open conflict (or war) that is possibly destructive. With a focus on outcomes … effects, the degree of output security and the initial distribution of resources, peace can, but need not necessarily, emerge …
Persistent link: https://www.econbiz.de/10012421149