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Many countries are implementing or at least considering policies to counter increasingly certain negative impacts from climate change. An increasing amount of research has been devoted to the analysis of the costs of climate change and its mitigation, as well as to the design of policies, such...
Persistent link: https://www.econbiz.de/10008798530
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10008811006
A Hard Problem is a collective choice problem in which the only feasible alternatives apart from the status quo consist of a welfare gain to some people (the Winners) and a welfare loss to the others (the Losers). These problems are typical in a number of settings, such as climate action,...
Persistent link: https://www.econbiz.de/10014475511
In this paper we review recent developments in axiomatic studies of Marxian exploitation theory. First, given the acute controversy over the formal definition of exploitation during the 1970-1990s, we review the study of the axiomatic framework, which identifies some fundamental properties -...
Persistent link: https://www.econbiz.de/10014475994
In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is compared and empirically related to economic, political, and behavioral determinants elaborated in the literature. Lying in between the two poles, Switzerland provides unique evidence...
Persistent link: https://www.econbiz.de/10003894063
We provide a method to estimate resource shares - the fraction of total household expenditure allocated to each household member - using OLS estimation of Engel curves. The method is a linear reframing of the nonlinear model of Dunbar, Lewbel and Pendakur (2013), extended to allow single-parent...
Persistent link: https://www.econbiz.de/10012583605
augmenting a standard model of inequality aversion. Overall, conditional on exhibiting sufficiently-strong social preferences, we … effect of income inequality on redistribution decisions, we delve into the history behind one's income to isolate the effect …
Persistent link: https://www.econbiz.de/10012814519
Indoor air pollution in Indian households due to traditional biomass burning is a significant health burden. Clean fuels, such as liquified petroleum gas (LPG), offer sustainable alternatives. Over the years, the LPG adoption rate in India has increased; however, it is not enough to meet the UN...
Persistent link: https://www.econbiz.de/10012318757
GDP contractions are typically associated with within-country income inequality increases. While official income … inequality data for 2020 will not be available for about two years, the already available employment data for 2020 shows that the … inequality in 2020. Scenarios based on historical patterns of recessions and within-country income inequality increases suggest …
Persistent link: https://www.econbiz.de/10012507140
primarily because income inequality typically implies inequality of opportunity. European Union countries have very diverse … inequality, not particularly because of the impact of income inequality on long-term growth (which is a controversial issue), but …
Persistent link: https://www.econbiz.de/10012302041