Showing 1 - 10 of 11
This forthcoming chapter in the Handbook of Income Distribution (eds., A. Atkinson and F. Bourguignon) summarizes the literature on equality of opportunity. We begin by reviewing the philosophical debate concerning equality since Rawls (sections 1 and 2), present economic algorithms for...
Persistent link: https://www.econbiz.de/10013073893
Mankind must cooperate to reduce GHG emissions to prevent a catastrophic rise in global temperature. How can the necessary costs of reducing GHG emissions be allocated across regions of the world, within the next few generations, and simultaneously address growth expectations and economic...
Persistent link: https://www.econbiz.de/10013061728
Suppose that there exists a positive (exogenous) probability that at each date of a possibly infinite future, the human species will disappear. We postulate an Ethical Observer (EO) who must solve an intertemporal welfare maximization problem under this kind of uncertainty, with preferences that...
Persistent link: https://www.econbiz.de/10012749807
What are the long-term effects of policies intended to equalize opportunities among different social classes of children? To find out, we study the stationary states of an intergenerational model where adults are either White or Blue collar employees. Both adults and the state invest in their...
Persistent link: https://www.econbiz.de/10012995683
Several authors in the economics literature have referred to Kantian behavior, informally, as a kind of cooperation. We model this notion precisely, and define two kinds of Kantian allocation. An set of strategies by players is Kantian if, informally, no player would advocate that all players...
Persistent link: https://www.econbiz.de/10014055742
The ethic of 'priority' is a compromise between the extremely compensatory ethic of 'welfare equality' and the needs-blind ethic of 'income equality.' We propose an axiom of priority, and characterize resource allocation rules that are impartial, prioritarian, and solidaristic. They comprise a...
Persistent link: https://www.econbiz.de/10014064485
We model an intergenerational society, with a representative agent at each date, who must deplete a renewable resource, from which he derives utility, to produce consumption goods. We adopt the intergenerational lexicographic minimum as the social welfare function. Initially, technological...
Persistent link: https://www.econbiz.de/10014065003
How should health services be allocated if we wish to equalize opportunities among citizens of a country for longevity, or quality - adjusted life years (QUALYs)? Equalizing opportunities means leveling off the differences in the objective (say, longevity) due to circumstances beyond the...
Persistent link: https://www.econbiz.de/10014166044
Sustainability has been largely replaced by discounted utilitarianism in contemporary climate-change economics. Our approach rejuvenates sustainability by expanding the conception of the quality of life, along the lines of the UN Human Development Reports, to include not only consumption, but...
Persistent link: https://www.econbiz.de/10009686597
Persistent link: https://www.econbiz.de/10013436062