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comparable. This allows us to conclude that the impartiality requirement cannot be used to decide between Rawls' and Harsanyi …
Persistent link: https://www.econbiz.de/10010750385
Most prominent models of economic justice (and especially those proposed by Harsanyi and Rawls) are based on the … assumption that impartiality is required for making moral decisions. However, although Harsanyi and Rawls agree on that, and … furthermore agree on the fact that impartiality can be obtained under appropriate conditions of ignorance, they strongly disagree …
Persistent link: https://www.econbiz.de/10010750681
Following a long-standing philosophical tradition, impartiality is a distinctive and determining feature of moral … judgments, especially in matters of distributive justice. This broad ethical tradition was revived in welfare economics by …
Persistent link: https://www.econbiz.de/10005412494
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/10005008221
The veil of ignorance has been used often as a tool of recommending what justice requires with respect to the …
Persistent link: https://www.econbiz.de/10005043027
In this paper we investigate if people cheat more when they observe their peers cheating because they conform or because they become aware that cheating is something to actively consider. In our experiment subjects toss a coin in private and report the outcome (white or black). We reward only...
Persistent link: https://www.econbiz.de/10010599255
Using a gift exchange experiment, we show that the ability of reciprocity to overcome incentive problems inherent in principal-agent settings is greatly reduced when the agent’s effort is distorted by random shocks and transmitted imperfectly to the principal. Specifically, we find that gift...
Persistent link: https://www.econbiz.de/10011157030
Is an assumption of bounded rationality needed to explain Social Security and other mandatory pension plans? In this contribution we argue that when rational agents hold inconsistent expectations such programs may be justified. Two of the features that distinguish Social Security and many other...
Persistent link: https://www.econbiz.de/10011157185
Who is most likely to change their risk preferences over the lifecourse? Using German nationally representative survey data and methods to separate age from cohort effects, we estimate the lifecycle patterns in the socioeconomic gradient of self-reported risk preferences. Tolerance to risk drops...
Persistent link: https://www.econbiz.de/10011213876
Social preference models were originally constructed to explain two things: why people spend money to affect the earnings of others and why the income of others influences reported happiness. We test these models in a novel experimental situation where participants face a risky decision that...
Persistent link: https://www.econbiz.de/10011257303