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Inequity plays a fundamental role in the evaluation of social welfare in many dimensions.We revisit the concept of … measure of welfare as equity equivalents and develop the corresponding inequity index. We then allow for different degrees of … literature on this topic. We show that the ordering of aggregation across the different dimensions matters for welfare …
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This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers display warm glow effects. We demonstrate that provided that each consumer becomes satiated to other consumers provision, it holds that, for a sufficiently large economy, the set...
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. -- Imperfect Altruism ; Real Options ; Hyperbolic Discounting ; Time Inconsistency ; Natural Resources Management …
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