Showing 1 - 10 of 1,515
wrong-headed view of rationality. …
Persistent link: https://www.econbiz.de/10005462975
We investigate the possible explanations of variations in aggregate levels of participation in large-scale political demonstrations. A simple public choice inspired model is applied to data derived from the annual May Day demonstrations of the Danish labour movement and socialist parties taking...
Persistent link: https://www.econbiz.de/10008784949
This study analyzes leading research in behavioral economics to see whether it contains advocacy of paternalism and whether it addresses the potential cognitive limitations and biases of the policymakers who are going to implement paternalist policies. The findings reveal that 20.7% of the...
Persistent link: https://www.econbiz.de/10009021408
This paper provides a comprehensive theoretical model of the political decision making process. Therein two ideologically different political parties compete for power. Their primary instrument in this competition are programmatic concessions in favor of voters and interest groups. As any...
Persistent link: https://www.econbiz.de/10008564779
Fried (in Public Choise, this issue, <CitationRef CitationID="CR1">2013</CitationRef>) claims that Quesada (in Public Choise 130:395–400, <CitationRef CitationID="CR2">2007</CitationRef>) is wrong in showing that the dictator in a dictatorial social welfare function does not necessarily enjoy absolute decision power. This reply revisits, and illustrates by means of an example,...</citationref></citationref>
Persistent link: https://www.econbiz.de/10010988018
We address in this paper the question of the existence of a Social Welfare Function that would be sustainable and would allow us to obtain solutions to optimal growth models. We define sustainability by two new axioms called Never-decisiveness of the present and Never-decisiveness of the future....
Persistent link: https://www.econbiz.de/10010993614
of quantitative estimating the aggregate wealth and well-being are available in the modern economic theory apart from the …
Persistent link: https://www.econbiz.de/10010860805
An important assumption in economic studies of climate policy is the social welfare function. This paper shows that applying distinct decision or social welfare criteria can result in different optimal policies of climate control, notably if climate change impacts are uncertain. First, decision...
Persistent link: https://www.econbiz.de/10010862719
Extensive research has shown that few robust results regarding the optimal tax structure are available. Moreover, the stylised models used in optimal tax analyses are not appropriate for practical policy advice. This paper proposes a method of examining optimal marginal income tax reforms using...
Persistent link: https://www.econbiz.de/10010903407
This paper analyses the changes in Social Welfare and Inequality during post reform period in the framework of Atkinson Social Welfare Function. Our results suggest acceleration in the growth of social welfare at All India and broad expenditure groups of population. The acceleration of growth in...
Persistent link: https://www.econbiz.de/10010905926