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both fairness and forgiveness. Based on the idea of fresh starts, we construct a social ordering that permits us to make … rule also allows for the inclusion of the fairness approach in the model, to deal with the well-known clash between the …
Persistent link: https://www.econbiz.de/10010927695
Forgiveness is an ethical ideal that advocates that a fresh start should be conferred on those individuals who regret their past choices. Grounded on such a principle, Fleurbaey (2005) proposes the use of the equivalent endowment as the proper measure of the welfare loss experienced by those who...
Persistent link: https://www.econbiz.de/10010662643