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incentives. Collective enforcement allows the transparent organization to use strong employment relationships to "cross …
Persistent link: https://www.econbiz.de/10012662711
schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a … rational responses to incentives, are influenced by egalitarian, equity and strategic considerations. …
Persistent link: https://www.econbiz.de/10010287729
Economies with asymmetric information are encompassed by an extension of the model of general competitive equilibrium that does not require an explicit modeling of private information. Sellers have discretion over deliveries on contracts; this is in common with economies with default, incomplete...
Persistent link: https://www.econbiz.de/10010318960
This paper describes individuals' inequality perceptions, distributional norms, and redistributive preferences in a … inequality and redistribution. Not surprisingly, the effective level of redistribution (after tax-and-transfer inequality) is … objective dimension of inequality and redistribution are, at least partially, linked with individuals' political preferences and …
Persistent link: https://www.econbiz.de/10010316895
for those at the bottom of the income scale? Will ARRA reverse the upward trend in inequality that we have seen in the … creation, ARRA is likely to have little impact on overall income inequality, or on the income gaps between relatively …
Persistent link: https://www.econbiz.de/10010266588
The question of whether changes in income inequality affect CO2 emissions remains a topic of debate at both theoretical …
Persistent link: https://www.econbiz.de/10014548217
I consider a real business cycle model in which agents have private information about an idiosyncratic shock to their value of leisure. I consider the mechanism design problem for this economy and describe a computational method to solve it. This is an important contribution of the paper since...
Persistent link: https://www.econbiz.de/10011460676
-an inequality averse, an altruistic and a predominantly selfish type-capture the essence of behavioral heterogeneity. These types …
Persistent link: https://www.econbiz.de/10014417651
In Rawls' (1971) influential social contract approach to distributive justice, the fair income distribution is the one … prospect theory instead, which better describes behavior under risk. I find that the specific type of inequality in bottom … optimal inequality result contrasts the implications of other social welfare criteria. …
Persistent link: https://www.econbiz.de/10010321399
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can … powerful buyer can trade with one of several sellers - an environment that can lead to pronounced inequality among the … inequality. …
Persistent link: https://www.econbiz.de/10011420556