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The main goal of this study is two-fold: (1) to provide a general overview of thecontributions to the literature on the informal sector, with a special focus on the PublicChoice approach; and (2) to compare these contributions across two institutionallydifferent types of countries: developed and...
Persistent link: https://www.econbiz.de/10011302624
This paper reports the results of experiments involving a 3-personcoalitionformation game with an ultimatumbargaining character. The grand coalition was always the efficientcoalition,whereas the values of the 2-personcoalitions are varied such that they lead to an efficiency loss inthe range...
Persistent link: https://www.econbiz.de/10011301150
Persistent link: https://www.econbiz.de/10010191088
When income inequality increases when average income levels increase, rises in average income levels might result in … inequality costs. This paper develops marginal social welfare measures that account for the possibility that income inequality … beneficial in rich urban areas with high valuations of equality where income inequality increases in income. …
Persistent link: https://www.econbiz.de/10014233407
Public benefit-cost analysis of market policies often relies on a particular definition of market surplus that adds up consumer and producer surplus and external costs. This paper provides an overview of conceptual strategies to deal with moral considerations and then develops an adjusted market...
Persistent link: https://www.econbiz.de/10014233415
Persistent link: https://www.econbiz.de/10009720715
well-being is much less investigated. It is argued that the concept of well-being inequality cannot be properly defined … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up …
Persistent link: https://www.econbiz.de/10011379637
In this paper, the concept of Income Satisfaction Inequality is operationalized on the basis of individual responses to … analogue of the objective income concept and includes objective income inequality as a special case. The paper introduces a … method to decompose Income Satisfaction Inequality according to the contributions from variables such as income, education …
Persistent link: https://www.econbiz.de/10011326418
A model is developed for peasant households in land abundant areas who choose between two technologies for land preparation: a manual one and one using draught animals. For draught a minimum number of animals is required so that a technological non convexity exists. It follows that certain...
Persistent link: https://www.econbiz.de/10011453277
Meritocratic fairness justifies inequality when it stems from performance. Yet performance is influenced by one … generating performance inequality. In an incentivized online experiment, impartial spectators can redistribute the earnings that … generating performance inequality. …
Persistent link: https://www.econbiz.de/10014496483