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Distribution-neutral welfare ranking-extending pareto principle
Marjit, Sugata; Sarkar, Sandip - 2017
The well known Pareto criterion used in the context of efficiency and welfare has to do with absolute changes whereas …
Persistent link: https://www.econbiz.de/10011624176
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Social security and longevity
Andersen, Torben M. (contributor) - 2005
Many countries face the problem of how to reform social security systems to cope with increasing life expectancy. This raises questions concerning both distribution and risk sharing across generations. These issues are addressed within an OLG model with stochastic life expectancy across...
Persistent link: https://www.econbiz.de/10003202897
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Evaluating climate policies by the Pareto principle : efficiency when future identities are unobservable
Asheim, Geir B.; Kamaga, Kohei; Zuber, Stéphane - 2022
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10012817856
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Time-consistent fiscal policy under heterogeneity : conflicting or common interests?
Angelopoulos, Konstantinos; Malley, James R.; … - 2011
the welfare of capitalists; (iii) capitalists and workers preferences, regarding the optimal amount of "capitalist bias …
Persistent link: https://www.econbiz.de/10009127740
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Pareto-improving structural reforms
Saint-Paul, Gilles - 2018
Economists recommend to partly redistribute gains to losers from a structural reform, which in many cases may be required for making the reform politically viable. However, taxation is distortionary. Then, it is unclear that compensatory transfers can support a Pareto-improving reform. This...
Persistent link: https://www.econbiz.de/10011941166
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Collective choice with heterogeneous time preferences
Pakhnin, Mikhail - 2021
Paretian social welfare functions and explain why the notion of Pareto optimality under heterogeneous time preferences becomes …
Persistent link: https://www.econbiz.de/10012546897
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Afriat's theorem for indivisible goods
Forges, Françoise; Iehlé, Vincent - 2013
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for “discrete axiom of revealed preference”) is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our...
Persistent link: https://www.econbiz.de/10010212659
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Preferences for redistribution and pensions : what can we learn from experiments?
Tausch, Franziska; Potters, Jan; Riedl, Arno - 2010
Redistribution is an inevitable feature of collective pension schemes and economic experiments have revealed that most people have a preference for redistribution that is not merely inspired by self-interest. Interestingly, little is known on how these preferences interact with preferences for...
Persistent link: https://www.econbiz.de/10008653416
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Nonparametric welfare analysis for discrete choice : levels and differences of individual and social welfare
Capéau, Bart; De Sadeleer, Liebrecht; Maes, Sebastiaan; … - 2021
Empirical welfare analyses often impose stringent parametric assumptions on individuals' preferences and neglect … unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for … discrete choice that does not suffer from these drawbacks. We first adapt the broad class of individual welfare measures …
Persistent link: https://www.econbiz.de/10012513281
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Infinite population utilitarian criteria
Asheim, Geir B.; Kamaga, Kohei; Zuber, Stéphane - 2022
We examine utilitarian criteria for evaluating profiles of wellbeing among infinitely many individuals. Motivated by the non-existence of a natural 1-to-1 correspondence between people when alternatives have different population structures, with a different number of people in each generation,...
Persistent link: https://www.econbiz.de/10012817908