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This paper presents a characterization of a welfare index for the evaluation of primary goods (to be understood as those goods that all agents should enjoy equally). The welfare associated with a given distribution of n primary goods among m agents is measured as the sum of n real-valued...
Persistent link: https://www.econbiz.de/10010292767
This paper proposes a mechanism to overcome the possibility that political parties may block the nomination of High-Court judges when the Parliament is involved in their nomination and theirmandate expires on a fixed date. This possibility arises when the default option is that the judge whose...
Persistent link: https://www.econbiz.de/10011650298
This paper proposes a protocol for considering the social cost of unemployment by taking into account three different aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both unemployment duration and the associated income loss;...
Persistent link: https://www.econbiz.de/10011931815