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The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...
Persistent link: https://www.econbiz.de/10010467848
Undiscounted utilitarianism as a criterion of intergeneration justice has been questioned for different reasons: It has …
Persistent link: https://www.econbiz.de/10009780201
An important element for the public support of policies is their perceived justice. At the same time most policy … choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when … their own risk preferences. The observed allocations are consistent with four different views of justice under uncertainty. …
Persistent link: https://www.econbiz.de/10009766681
obligations. We present evidence from a laboratory tax experiment suggesting that the effects of complexity on compliance are …
Persistent link: https://www.econbiz.de/10012119790
An influential subset of the literature on distributional preferences studies how preferences condition on information about workers’ characteristics, such as their relative productivity. In this study we confirm that there are default effects when such conditional fair-ness preferences are...
Persistent link: https://www.econbiz.de/10015048991
-scale survey experiments. In the first experiment, we randomly inform respondents about the relationship between parental income … experiment shows that respondents do not account for parental influence on economic success when making (re …
Persistent link: https://www.econbiz.de/10013411680
We introduce distributive justice into a simple model of growth and distribution. Two groups ("classes") of otherwise … and Nash bargaining, encapsulating electoral politics and socio-political bargaining) and two normative (justice) criteria … of "justice as minimal social friction". Under the plausible assumption that the capitalists' overall socio …
Persistent link: https://www.econbiz.de/10011996775
This paper is based on the ideas of political philosopher John Rawls who suggested that a just society is one which would be created behind a "veil of ignorance", that is to say, without knowing where one would end up in the society's distribution of talent and other attributes valued in the...
Persistent link: https://www.econbiz.de/10011497927
Distributions of language rights in multilingual settings are analyzed from a normative viewpoint in this chapter. If the cost structure of providing rights is concave in the number of beneficiaries, then a critical-mass criterion for the determination of an optimal rights structure results. It...
Persistent link: https://www.econbiz.de/10011309548
Differences in preferences are important to explain variation in individuals' behavior. There is however no consensus on how to take these differences into account when evaluating policies. While prominent in the economic literature, the standard utilitarian criterion faces two major...
Persistent link: https://www.econbiz.de/10011434634