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Fairness Versus Welfare : Notes on the Pareto Principle, Preferences, and Distributive Justice

Kaplow, Louis; Shavell, Steven - 2021

In Fairness versus Welfare, we advance the thesis that social policies should be assessed based entirely on their effects on individuals' well-being. This thesis implies that no independent weight should be accorded to notions of fairness (other than many purely distributive notions). We support...

Persistent link: https://www.econbiz.de/10013232881

Predation, Efficiency, and Inequality

Grossman, Herschel I.; Kim, Minseong - 2021

This paper shows how predation breaks the links between an economy's aggregate resourceendowment and aggregate consumption and between the interpersonal distribution of endowments and the interpersonal distribution of consumption. We construct a general-equilibrium model in which some people...

Persistent link: https://www.econbiz.de/10013212351

Do Race and Fairness Matter in Generosity? Evidence from a Nationally Representative Charity Experiment

Fong, Christina M. - 2010

We present a dictator game experiment where the recipients are local charities that serve the poor. Donors consist of approximately 1000 participants from a nationally representative respondent panel that is maintained by a private survey research firm, Knowledge Networks. We randomly manipulate...

Persistent link: https://www.econbiz.de/10013152510

On the Self-Interested Use of Equity in International Climate Negotiations

Lange, Andreas - 2010

We discuss self-interested uses of equity arguments in international climate negotiations. Using unique data from a world-wide survey of agents involved in international climate policy, we show that the perceived support of different equity rules by countries or groups of countries may be...

Persistent link: https://www.econbiz.de/10013152832

Executive Compensation as an Agency Problem

Bebchuk, Lucian A. - 2003

This paper provides an overview of the main theoretical elements and empirical underpinnings of a managerial power' approach to executive compensation. Under this approach, the design of executive compensation is viewed not only as an instrument for addressing the agency problem between managers...

Persistent link: https://www.econbiz.de/10012786483

When Fair Isn't Fair : Understanding Choice Reversals Involving Social Preferences

Andreoni, James - 2018

In settings with uncertainty, tension exists between ex ante and ex post notions of fairness (e.g., equal opportunity versus equal outcomes). In a laboratory experiment, the most common behavioral pattern is for subjects to select the ex ante fair alternative ex ante, and switch to the ex post...

Persistent link: https://www.econbiz.de/10012907770

The Pivotal Role of Fairness : Which Consumers Like Annuities?

Shu, Suzanne B. - 2018

Life annuities can be a valuable component of the decumulation stage of wealth during retirement. While economists argue that most retirees should annuitize, actual demand in the marketplace is low. We analyze data from two studies to determine how measurable individual differences among...

Persistent link: https://www.econbiz.de/10012910658

Unequal Bequests

Francesconi, Marco - 2015

Using data from the Health and Retirement Study (HRS), we make two contributions to the literature on end-of-life transfers. First, we show that unequal bequests are much more common than generally recognized, with one-third of parents with wills planning to divide their estates unequally among...

Persistent link: https://www.econbiz.de/10013012689

Election Fairness and Government Legitimacy in Afghanistan

Berman, Eli - 2014

International development agencies invest heavily in institution building in fragile states, including expensive interventions to support democratic elections. Yet little evidence exists on whether elections enhance the domestic legitimacy of governments. Using the random assignment of an...

Persistent link: https://www.econbiz.de/10013057417

Efficiency Versus Equity in the Allocation of Medical Specialty Training Positions in Spain : A Health Policy Simulation Based on a Discrete Choice Model

Harris, Jeffrey E. - 2014

tradeoff between the efficiency gains from increasing the supply of practitioners of family and community medicine and the … resulted in a relatively small efficiency gains from training more productive medical school graduates in family and community … efficiency. Conclusions: Policies designed to increase the prestige and remuneration of practitioners of family and community …

Persistent link: https://www.econbiz.de/10013058604

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