Showing 1 - 10 of 11
This a chapter for the Handbook of Social Choice and Welfare. It deals with the theory of fairness applied to situations when individuals are partly responsible for their characteristics.
Persistent link: https://www.econbiz.de/10008793496
Common sense supports prevention policies aimed at improving survival prospects among the population. It is also widely acknowledged that an early death is a serious disadvantage, and that attention should be paid to the compensation of short-lived individuals. This paper re-examines the...
Persistent link: https://www.econbiz.de/10010929082
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has remained so far largely unexplored, probably because it appears infeasible. Indeed, short-lived agents can hardly be identified ex ante, and cannot be compensated ex post. We argue...
Persistent link: https://www.econbiz.de/10010930209
This paper proposes four concepts of exploitation that encapsulate common uses of the word in social interactions: unfair advantage, unequal exchange, using persons as means, free-riding. It briefly discusses how these concepts appear in the literature (the first two are prominent in Roemer's...
Persistent link: https://www.econbiz.de/10010550930
A premature death unexpectedly brings a life and a career to their end, leading to substantial welfare losses. We study the retirement decision in an economy with risky lifetime, and compare the laissez-faire with egalitarian social optima. We consider two social objectives: (1) the maximin on...
Persistent link: https://www.econbiz.de/10010738814
We defend a methodology of discounting, for the evaluation of the long-term effects of climate policies, which relies on a social welfare objective, against the view that the market rate of return should be used for that purpose. We also show that in the long run, the discount rate for such...
Persistent link: https://www.econbiz.de/10010821415
In The Myth of Ownership - Taxes and Justice, Liam Murphy and Thomas Nagel (2002) launch an attack against a straw man, the economist who believes that taxation should minimally interfere with property rights and should seek to preserve the market distribution of wealth and income. Instead they...
Persistent link: https://www.econbiz.de/10010821442
This paper distinguishes an index ordering and a social ordering function as a simple way to formalize the indexing problem in the social choice framework. Two main conclusions are derived. First, the alleged dilemma between welfarism and perfectionnism is shown to involve a third possibility,...
Persistent link: https://www.econbiz.de/10008794218
Après qu'Arrow eut démontré son théorème d'impossibilité, les "fonctions de bien-être social de Bergson-Samuelson" (FBS) firent l'objet d'une controverse qui opposa les théoriciens du choix social aux économistes du bien-être. Une version nouvelle du théorème parue dans les années...
Persistent link: https://www.econbiz.de/10008794406
We study the construction of a social ordering function for the case of a public good financed by contributions from the population, and we extend the analysis of Maniquet and Sprumont (2004) to the case when contributions cannot be negative, i.e. agents cannot receive subsidies from the others.
Persistent link: https://www.econbiz.de/10008794864