Showing 1 - 7 of 7
We investigate the properties of a new equity condition, Hammond Equity for the Future (HEF), capturing the following ethical intuition: A sacrifice by the present generation leading to a uniform gain for all future generations cannot lead to a less desirable utility stream if the present...
Persistent link: https://www.econbiz.de/10010284287
Koopmans’s (Econometrica 28, 287–309) axiomatization of discounted utilitarianism is based on seemingly compelling conditions, yet this criterion leads to hard-to-justify outcomes. The present analysis considers a class of sustainable recursive social welfare functions within Koopmans’s...
Persistent link: https://www.econbiz.de/10010284345
This paper shows how two important interregional transfer schemes,the foundation grant and the power equalization grant, can be seen as two different interpretations of equal opportunity ethics. It provides characterizations of both transfer schemes by the use of basic liberal egalitarian...
Persistent link: https://www.econbiz.de/10010284354
In the framework of ethical social choice theory, sustainability is justified by Efficiency and Equity as ethical axioms. These axioms correspond to the Suppes-Sen Grading principle. In technologies that are productive in a certain sense, the set of Suppes-Sen maximal utility paths is shown to...
Persistent link: https://www.econbiz.de/10010284427
According to liberal egalitarian ethics, individuals should be rewarded for factors under their control, but not for factors outside their control. A fundamental challenge to liberal egalitarian theories of justice is how to do this without violating minimal egalitarian and liberal requirements....
Persistent link: https://www.econbiz.de/10010284434
The present paper seeks to explain the pattern of income redistribution in a globalised world of increased market income inequality and lower costs of factor mobility. In some countries, larger market income inequality has been met by an increased redistributive effort, thus keeping the...
Persistent link: https://www.econbiz.de/10010284506
A liberal egalitarian theory of justice seeks to combine the values of equality, personal freedom and personal responsibility. It is considered a much more promising position than strict egalitarianism, because it supposedly provides a fairness argument for inequalities reflecting differences in...
Persistent link: https://www.econbiz.de/10010287738