welfare properties. Here, we concentrate on welfare criteria and define properties of utility function which are causal for …

) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost … indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate … the opportunity set of politics with respect to the two normative objectives of inter- and intragenerational justice, i …

development, welfare, and justice. … backdrop of considerations about the meaning of justice in the context of sustainability. We argue that the preservation of the … natural basis of life is by itself a requirement of justice. However, the crucial role of the ecological dimension of …

Schumpeter's and Hayek's view of market coordination as being not about efficiency, but about endogenous change and … welfare economics is unsuited to deal with. We show that welfare economics has to be reconstructed on the basis of …

trucks cartel (1997-2011). Overall, we estimate a net welfare loss of approximately €0.7 bn. and an overcharge below 1% (€1 …

individual welfare would be directly affected by policy measures designed to make consumption sustainable. Such policy measures … are likely to also trigger indirect welfare losses by negative employment effects. The policy debate therefore needs to … pay attention to both direct and indirect welfare effects. As a concrete proposal a redesign of consumption taxes is …

welfare properties of the mechanism, interpreting noise as a policy instrument, and we use logit dynamic simulations to …