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This paper examines optimal redistribution in a model with high- and low-skilled individuals with heterogeneous tastes for labor. We compare the extent to which optimal policies based on different normative criteria obey the principles of compensation (for differential skills) and responsibility...
Persistent link: https://www.econbiz.de/10003949079
This paper examines optimal redistribution in a model with high- and low-skilled individuals with heterogeneous tastes for labor. We compare the extent to which optimal policies based on different normative criteria obey the principles of compensation (for differential skills) and responsibility...
Persistent link: https://www.econbiz.de/10013145391
This paper examines optimal redistribution in a model with high and low-skilled individuals with heterogeneous tastes for labor, that either work or not. With such double heterogeneity, traditional Welfarist criteria including Utilitarianism fail to take the compensation-responsibility trade-off...
Persistent link: https://www.econbiz.de/10014197825
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customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received …
Persistent link: https://www.econbiz.de/10003931304
customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received …
Persistent link: https://www.econbiz.de/10013153013