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Solidarity and fair taxation in TU games

Casajus, André - 2012

We consider an analytic formulation/parametrization of the class of efficient, linear, and symmetric values for TU games that, in contrast to previous approaches, which rely on the standard basis, rests on the linear representation of TU games by unanimity games. Unlike most of the other...

Persistent link: https://www.econbiz.de/10010309488

Nullifying vs. dummifying players or nullified vs. dummified players: The difference between the equal division value and the equal surplus division value

Casajus, André; Hüttner, Frank - 2012

We provide new characterizations of the equal surplus division value and the equal division value as well as of the class of their convex mixtures. This way, the difference between the Shapley value, the equal division value, and the equal surplus division value is pinpointed to one axiom....

Persistent link: https://www.econbiz.de/10010309489

Null players, solidarity, and the egalitarian Shapley values

Casajus, André; Hüttner, Frank - 2012

The Shapley value certainly is the most eminent single-point solution concept for TU-games. In its standard characterization, the null player property indicates the absence of solidarity among the players. First, we replace the null player property by a new axiom that guarantees null players...

Persistent link: https://www.econbiz.de/10010310158

The Shapley value without efficiency and additivity

Casajus, André - 2012

We provide a new characterization of the Shapley value neither using the efficiency axiom nor the additivity axiom. In this characterization, efficiency is replaced by the gain-loss axiom (Einy and Haimanko, 2011, Game Econ Behav 73: 615-621), i.e., whenever the total worth generated does not...

Persistent link: https://www.econbiz.de/10010311060

The measurement of time and income poverty

Zacharias, Ajit - 2011

Official poverty thresholds are based on the implicit assumption that the household with poverty-level income possesses … of the assumption and explored alternative methods to account for time deficits in the measurement of poverty. I … individual approaches. I also propose a two-dimensional, time-income poverty measure that accounts for intrahousehold disparities …

Persistent link: https://www.econbiz.de/10010286513

Net government expenditures and the economic well-being of the elderly in the United States, 1989 - 2001

Kum, Hyunsub; Wolff, Edward N.; Zacharias, Ajit - 2006

We examine the economic well-being of the elderly, using the Levy Institute Measure of Economic Well-Being (LIMEW). Compared to the conventional measures of income, the LIMEW is a comprehensive measure that incorporates broader definitions of income from wealth, government expenditures, and...

Persistent link: https://www.econbiz.de/10010266455

The Great Recession and racial inequality: Evidence from measures of economic well-being

Masterson, Thomas; Zacharias, Ajit; Rios-Avila, Fernando; … - 2017

The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses in terms of real wealth. In many ways, however, these losses are merely a continuation of trends that have...

Persistent link: https://www.econbiz.de/10011784670