PLDA performs better than FDA in terms of efficiency and fairness through theoretical and computational analyses. …

This paper uses an OLG model to analyze the dilemma between efficiency and fairness, and then give a numerical … simulation for China’s reform practice in pension system with Chinese data.Results showed that :1)Compared to efficiency and fair … improving efficiency and fair distribution,more investment was needed to improve human capital,and the school education and …

left to parties’ fairness. According to the previous literature we find that (1) the choice between the two contract … settings in equilibrium depends on fairness and enforcement costs, and (2) whenever a non-enforceable contract is chosen in … equilibrium it turns out welfare-improving. However, we are able to measure efficiency and make punctual predictions of how …

be generous, what is the motive, i.e., either they fear rejection or do they have a preference for fairness, and (iii) Is …, would show a greater concern for fairness rather than fear of rejection. As is evident, the results of this study prove …