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In this paper I present a measure of freedom for opportunity sets which are bounded by both budget and time constraints … leaving freedom distribution unaltered should apply progressive taxation. Since incomes bind freedom only partially when time … constraints bind, taxing the rich reduces his freedom proportionally less than taxing the poor reduces his. Moreover, when incomes …
Persistent link: https://www.econbiz.de/10005572317
We argue that economics – as the scientific method of analyzing trade-offs – can be helpful (and may even be indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate the “opportunity set” of politics with respect...
Persistent link: https://www.econbiz.de/10010858049
Nelson Rolihlahla Mandela's death on 5 December 2013 and his funeral ten days later were taken as an occasion in the global media to discuss the merits of political leadership for human security, with occasional comments on its pitfalls. This particular leader is not the most politically safe...
Persistent link: https://www.econbiz.de/10010987435
While security of our<em> </em>hominid<em> </em>encampments and settlements must have been at or near the top of our species priorities since our evolution some several hundred thousand years ago, awareness of the magnitude of our alterations, interactions and impacts on our world is a very recent event. Even...
Persistent link: https://www.econbiz.de/10010987436
A minimum cost spanning tree (mcst) problem analyzes the way to effciently connect individuals to a source when they are located at different places. Once the effcient tree is obtained, the question on how allocating the total cost among the involved agents defines, in a natural way, a...
Persistent link: https://www.econbiz.de/10010991662
In a distribution problem, and speci fically in bankruptcy issues, the Proportional (P) and the Egalitarian (EA) divisions are two of the most popular ways to resolve the conflict. The Constrained Equal Awards rule (CEA) is introduced in bankruptcy literature to ensure that no agent receives...
Persistent link: https://www.econbiz.de/10010991666
In 1950, Nash's seminal paper introduced the axiomatic approach to the analysis of bargaining situations. Since then, many bargaining solutions have appeared and been axiomatically analyzed. The fact that agents, when face a bargaining problem, can come up with different solution concepts (that...
Persistent link: https://www.econbiz.de/10010991670
How should scholarships be distributed among the (public) higher education students? We raise this situation as a redistribution problem. Following the approach developed in Fleurbaey (1994) and Bossert (1995), redistribution should be based on the notion of solidarity and it reallocates...
Persistent link: https://www.econbiz.de/10010991674
Mediation is a dispute resolution process where agents reach a mutually acceptable agreement among prominent proposals. This paper provides a natural way of coming to this agreement in bankruptcy problems. The central fact is that such problems can be faced from two different (focal) points of...
Persistent link: https://www.econbiz.de/10010991675
Is it important to negotiate on proportions rather than on numbers? To answer this question, we analyze the behavior of well-known bargaining solutions and the claims rules they induce when they are applied to a "proportionally transformed" bargaining set SP so-called bargaining-in-proportions...
Persistent link: https://www.econbiz.de/10010991676