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Procedurally fair provision of public projects: An axiomatic characterization
Güth, Werner; Kliemt, Hartmut - 2011
Unanimous voting as the fundamental procedural source of political legitimacy grants veto power to each individual. We present an axiomatic characterization of a class of bidding processes to spell out the underlying egalitarian values for collective projects of a productive state. At heart of...
Persistent link: https://www.econbiz.de/10010286454
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Procedurally fair provision of public projects : an axiomatic characterization
Güth, Werner; Kliemt, Hartmut - 2011
Unanimous voting as the fundamental procedural source of political legitimacy grants veto power to each individual. We present an axiomatic characterization of a class of bidding processes to spell out the underlying egalitarian values for collective projects of a "productive state". At heart of...
Persistent link: https://www.econbiz.de/10008990916
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Fairness that money can buy : procedural egalitarianism in practice
Güth, Werner; Kliemt, Hartmut - 2013
We suggest that procedures of monetarized bidding can facilitate co-operation in Elinor Ostrom type common(s) projects without crowding out communitarian faculties of "self-governance". Axioms securing procedurally egalitarian bidding on the basis of declared monetary evaluations are introduced....
Persistent link: https://www.econbiz.de/10009686468
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The impossibility of social choice and the possibilities of individual values: political and philosophical liberalism reconsidered
Güth, Werner; Kliemt, Hartmut - 2008
deemed liberal either because they emphasize political institutions that embody liberal values (political liberalism) or … because individuals make up their mind in a specifically liberal" way of forming ethical judgment (philosophical liberalism …). Seen in this light the Paradox of Liberalism is of theoretical or philosophical interest but not a practical problem of …
Persistent link: https://www.econbiz.de/10010267062
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The impossibility of social choice and the possibilities of individual values : political and philosophical liberalism reconsidered
Güth, Werner (contributor); Kliemt, Hartmut (contributor) - 2008
deemed liberal either because they emphasize political institutions that embody liberal values (political liberalism) or … because individuals make up their mind in a specifically liberalʺ way of forming ethical judgment (philosophical liberalism …). Seen in this light the Paradox of Liberalism is of theoretical or philosophical interest but not a practical problem of …
Persistent link: https://www.econbiz.de/10003765995
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Rules (of bidding) to generate equal stated profits: An axiomatic approach
Güth, Werner - 2010
Although one may hope to achieve equality of stated profits without enforcing it, one may not trust in such voluntary equality seeking and rather try to impose rules (of bidding) guaranteeing it. Our axiomatic approach is based on envy-free net trades according to bids which, together with the...
Persistent link: https://www.econbiz.de/10010267112
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Making the world a better place: Experimental evidence from the generosity game
Güth, Werner; Levati, Maria Vittoria; Ploner, Matteo - 2009
We study ultimatum and dictator experiments where the first mover chooses the amount of money to be distributed between the players within a given interval, knowing that her own share is fixed. Thus, the first mover is faced with scarcity, but not with the typical trade-off between her own and...
Persistent link: https://www.econbiz.de/10010275044
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Making the world a better place : experimental evidence from the generosity game
Güth, Werner; Levati, M. Vittoria; Ploner, Matteo - 2009
We study ultimatum and dictator experiments where the first mover chooses the amount of money to be distributed between the players within a given interval, knowing that her own share is fixed. Thus, the first mover is faced with scarcity, but not with the typical trade-off between her own and...
Persistent link: https://www.econbiz.de/10003883008
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Rules (of bidding) to generate equal stated profits : an axiomatic approach
Güth, Werner - 2010
Although one may hope to achieve equality of stated profits without enforcing it, one may not trust in such voluntary equality seeking and rather try to impose rules (of bidding) guaranteeing it. Our axiomatic approach is based on envy-free net trades according to bids which, together with the...
Persistent link: https://www.econbiz.de/10003944203
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Procedurally Fair Collective Provision : Its Requirements and Experimental Functionality
Güth, Werner - 2014
This paper derives and justifies a procedurally fair bidding mechanism and reviews experiments that apply the mechanism to public projects provision. In the experiments, not all parties benefit from provision, and the projects' costs can be negative. The experimental results indicate that the...
Persistent link: https://www.econbiz.de/10013060963