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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
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
". The efficiency loss due to fairness and strategy-proofness becomes measurable in monetary terms. Two interpretations of …
Persistent link: https://www.econbiz.de/10013208452
efficiency, non-bossiness, group-monotonicity and group-invariance. It is also demonstrated that the characterization in Pápai …
Persistent link: https://www.econbiz.de/10013208711
We investigate how individuals think groups should aggregate members' ordinal preferences - that is, how they interpret "the will of the people." In an experiment, we elicit revealed attitudes toward ordinal preference aggregation and classify subjects according to the rules they apparently...
Persistent link: https://www.econbiz.de/10012631631
We investigate the nature of social preferences when a decision maker's information is limited to group members' ordinal rankings. By studying choices made on behalf of others, we identify social choice rules that embody the normative values decision makers implicitly favor. Few people are...
Persistent link: https://www.econbiz.de/10014468187
This paper analyzes responsibility attributions for outcomes of collective decision making processes. In particular, we ask if decision makers are blamed for being pivotal if they implement an unpopular outcome in a sequential voting process. We conduct an experimental voting game in which...
Persistent link: https://www.econbiz.de/10011282471
The case for progressive income taxation is often based on the classic result of Jakobsson (1976) and Fellman (1976), according to which progressive and only progressive income taxes - in the sense of increasing average tax rates on income-ensure a reduction in income inequality. This result has...
Persistent link: https://www.econbiz.de/10011460727
Carbonell-Nicolau and Llavador (forthcoming) extend the classic result of Jakobsson (1976) and Fellman (1976) - according to which average-rate progressive, and only average-rate progressive income taxes, reduce income inequality - to the case of endogenous income. There it is shown that...
Persistent link: https://www.econbiz.de/10012028608
The case for progressive income taxation is often based on the classic result of Jakobsson (1976) and Fellman (1976), according to which progressive and only progressive income taxes - in the sense of increasing average tax rates on income - ensure a reduction in income inequality. This result...
Persistent link: https://www.econbiz.de/10011687919