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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

Time-consistent fiscal policy under heterogeneity : conflicting or common interests?

Angelopulos, Kōnstantinos; 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

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

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

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

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

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

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

Welfare comparisons: sequential procedures for heterogeneous population

Lambert, Peter J.; Ramos Morilla, Xavier - 2001

-sequential dominance tests, to make welfare comparisons of joint distributions of income and needs. In this paper we present a new …

Persistent link: https://www.econbiz.de/10011399324

Should income inequality be praised? : multiple public goods provision, income distribution and social welfare

Itaya, Jun-ichi; Mizushima, Atsue - 2016

We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure … public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a … an income-equalizing one may raise social welfare. We also show that if altruistically motivated voluntary transfers are …

Persistent link: https://www.econbiz.de/10011568762