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We model problems of allocating disputed properties as generalized exchange economies. Therein, agents have preferences and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual claims. We focus on market-based allocation rules that...
Persistent link: https://www.econbiz.de/10011788896
reform under these terms to ensure both efficiency and equity. …The purpose of this paper is to clarify the debate around the importance of fiscal justice in the promotion of equity … existing literature on its distributive role and its efficiency. The findings point to inefficient taxation that is still very …
Persistent link: https://www.econbiz.de/10012030406
methods (Approval Voting and Borda Count) reduce the support for egoistic options and favor equity and efficiency, avoiding … extreme outcomes. Those methods differ in whether they favor equity or efficiency when the latter benefits a majority. Our …'s lives and contribute to social instability. Even if political compromises based on social conventions as equity or economic …
Persistent link: https://www.econbiz.de/10012631630
Reputation is a commonly cited check on opportunism in economic and social interactions. But it is often unclear what would motivate an agent to report another's behavior when the pool of potential partners is large and it is easy enough for an aggrieved player to move on. We argue that...
Persistent link: https://www.econbiz.de/10011526719
The paper analyzes internal factors which influence the use of equity - and mezzanine-based financing instruments in … equity and silent partnerships. We find that family goals have a complex impact on the decision to use or not to use these …
Persistent link: https://www.econbiz.de/10010305699
Globally, there is a clamour for creating a more inclusive world and India is also a frontrunner. Government of India is fully committed to its resolve towards achieving inclusive growth. To achieve this goal, efforts are being made to harmonise the national development priorities with...
Persistent link: https://www.econbiz.de/10012099546
This paper examines the distribution of the gasoline tax burden in the presence of increased electric vehicle adoption. Automobile manufacturers and even some states have ambitious goals to phase out gas-powered cars. However, in spite of these plans, the primary source of automobile...
Persistent link: https://www.econbiz.de/10014388418
School districts across the U.S. have adopted funding policies designed to distribute resources more equitably across schools. However, schools are also increasing external fundraising efforts to supplement district budget allocations. We document the interaction between funding policies and...
Persistent link: https://www.econbiz.de/10014480580
This paper seeks to evaluate whether a gender-sensitive formula for the inter se devolution of union taxes to the states makes the process more progressive. We have used the state-specific child sex ratio (the number of females per thousand males in the age group 0-6 years) as one of the...
Persistent link: https://www.econbiz.de/10011784664
In this paper we discuss a new tort liability rule, which we call super-symmetric comparative negligence and vigilance. When both injurer and victim in an accident are negligent, it provides for liability shares that depend on the degrees of negligence of the two parties, similar to the standard...
Persistent link: https://www.econbiz.de/10010284036