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FitzRoy, Felix R.; Jin, Jim Y. - 2009

Should two-band income taxes be progressive given a general income distribution? We provide a negative answer under utilitarian and max-min welfare functions. While this result clarifies some ambiguities in the literature, it does not rule out progressive taxes in general. If we maximize total...

Persistent link: https://www.econbiz.de/10003845516

Efficient redistribution: comparing basic income with unemployment benefits

FitzRoy, Felix R.; Jin, Jim Y. - 2010

We compare two systems of income redistribution: unemployment benefits (UB) and basic income (BI). First, for a simple utility function, with both intensive and extensive margins, the unemployed are likely better off with pure BI than pure UB, regardless of labour supply elasticity and wage...

Persistent link: https://www.econbiz.de/10009153046

Relative income, redistribution and well-being

FitzRoy, Felix R.; Nolan, Michael A. - 2010

In a model with heterogeneous workers and both intensive and extensive margins of employment, we consider two systems of redistribution: a universal basic income, and a categorical unemployment benefit. Well-being depends on own-consumption relative to average employed workers' consumption, and...

Persistent link: https://www.econbiz.de/10009153609

Foundations of utilitarianism under risk and variable population

Spears, Dean; Zuber, Stéphane - 2021

Utilitarianism is the most prominent family of social welfare functions. We present three new axiomatic ….'s (1998) Expected Critical-Level Generalized Utilitarianism (ECLGU) is equivalent to a new axiom holding that it is better to … novel characterizations extend classic axiomatizations of utilitarianism from settings with either social risk or variable …

Persistent link: https://www.econbiz.de/10012583668

A soul's view of the optimal population problem

De la Croix, David; Doepke, Matthias - 2021

A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with different population levels. Such a criterion is essential to resolve the optimal population problem, i.e., the tradeoff between population size and the welfare of each person...

Persistent link: https://www.econbiz.de/10012493350

Expected Utility theory and the tyranny of catastrophic risks

Buchholz, Wolfgang; Schymura, Michael - 2010

eventually has no impact at all when its probability goes to zero which is ethically not acceptable as well. -- Utilitarianism …

Persistent link: https://www.econbiz.de/10008652528

Earmarking and the political support of fat taxes

Cremer, Helmuth; Goulão, Catarina; Roeder, Kerstin - 2015

A fat and a healthy good provide immediate gratification, and cause health costs or benefits in the long run, which are misperceived. Additionally, the fat good (healthy good) increases (decreases) health care costs by increasing (decreasing) the probability of suffering from a chronic disease...

Persistent link: https://www.econbiz.de/10011336980

Survey of models on demand, customer base-line and demand response and their relationships in the power market

Heshmati, Almas - 2012

The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...

Persistent link: https://www.econbiz.de/10009548648

Correlation neglect in belief formation

Enke, Benjamin; Zimmermann, Florian - 2013

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...

Persistent link: https://www.econbiz.de/10009740017

The economics of credence goods : on the role of liability, verifiability, reputation and competition

Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009

Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the determinants for efficiency in credence goods...

Persistent link: https://www.econbiz.de/10003814341