Showing 1 - 10 of 1,634
We propose a new bargaining solution, based on the idea - borrowed from Hobbes - that the agreement reached in a …
Persistent link: https://www.econbiz.de/10005750726
Experiments evaluate the fit of human behaviour to the Shapley-Shubik power index (SSPI), a formula of voter power. Groups of six subjects with differing votes divide a fixed purse by majority rule in online chat rooms. Earnings proxy for measured power. Chat rooms and processes for selecting...
Persistent link: https://www.econbiz.de/10010956071
Economic policymaking in modern democracies generates a great deal of special-interest politics. In policy areas such as finance, trade policy, and regulation, policy decision create benefits for well-defined groups with the cost borne by society at large. Given the difficulties with the...
Persistent link: https://www.econbiz.de/10005489265
utility possibilities set, it becomes possible to rank different bargaining solutions in term of their efficiency properties …. We compare bargaining solutions within a wide class in which the influence of the threat point on the bargaining outcome …
Persistent link: https://www.econbiz.de/10005671596
We investigate criteria for evaluating infinite utility streams that satisfy Fixed-step anonymity and includes some notion of overtaking or catching-up. We do so in a generalized setting which do not require us to specify the underlying finite-dimensional criterion (e.g., utilitarianism or...
Persistent link: https://www.econbiz.de/10005837595
The paper aims to put into perspective Nicholas Georgescu-Roegen’s bioeconomics and Serge Latouche’s degrowth approaches. In particular, we analyse the foundations of these approaches such as they have been put forward by those two economists. If the cross-reading of their work shows both...
Persistent link: https://www.econbiz.de/10011255239
In this work we analyse social welfare relations on sets of infinite utility streams that verify various types of liberal non-interference principles. Earlier contributions have established that (finitely) anonymous and strongly Paretian quasiorderings exist that agree with axioms of that kind...
Persistent link: https://www.econbiz.de/10009211210
Globalisation acts not only in the spatial-geographical axis but in the temporal one.General theories of law have both the capabilities and vocation to solve the controversial issues underlying this subject. This article attempts an approach of the concept of intergenerational justice in an...
Persistent link: https://www.econbiz.de/10009225233
This paper investigates ethical aggregation of infinite utility streams by representable social welfare relations. We prove that the Hammond Equity postulate and other variations of it like the Pigou-Dalton transfer principle are incompatible with positive responsiveness to welfare improvements...
Persistent link: https://www.econbiz.de/10008765931
The question of `discounting the future' is one on which philosophers and economists have divergent professional views. There is a lot of talking at cross-purposes across the disciplinary divide here; but there is a fair bit of confusion (I think) within disciplines as well. My aim here is...
Persistent link: https://www.econbiz.de/10010789342