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Adaptive maximization of social welfare
Cesa-Bianchi, Nicolò; Colomboni, Roberto; Kasy, Maximilian - 2024
We consider the problem of repeatedly choosing policies to maximize social welfare. Welfare is a weighted sum of private utility and public revenue. Earlier outcomes inform later policies. Utility is not observed, but indirectly inferred. Response functions are learned through experimentation....
Persistent link: https://www.econbiz.de/10014637430
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Adaptive maximization of social welfare
Cesa-Bianchi, Nicolò; Colomboni, Roberto; Kasy, Maximilian - 2024
We consider the problem of repeatedly choosing policies to maximize social welfare. Welfare is a weighted sum of private utility and public revenue. Earlier outcomes inform later policies. Utility is not observed, but indirectly inferred. Response functions are learned through experimentation....
Persistent link: https://www.econbiz.de/10014637490
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Shallow meritocracy: an experiment on fairness views
Andre, Peter - 2021
Meritocracies aspire to reward effort and hard work but promise not to judge individuals by the circumstances they were born into. The choice to work hard is, however, often shaped by circumstances. This study investigates whether people's merit judgments are sensitive to this endogeneity of...
Persistent link: https://www.econbiz.de/10012614805
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Preferences for redistribution and perception of fairness : an experimental study
Durante, Ruben; Putterman, Louis G.; Weele, Joël J. van der - 2013
We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance … is affected by redistribution. We estimate utility weights for the different sources of demand for redistribution, with …
Persistent link: https://www.econbiz.de/10009781859
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Shallow meritocracy
Andre, Peter - 2023
Meritocracies aspire to reward hard work and promise not to judge individuals by the circumstances into which they were born. However, circumstances often shape the choice to work hard. I show that people's merit judgments are "shallow" and insensitive to this effect. They hold others...
Persistent link: https://www.econbiz.de/10014390238
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The meritocratic illusion : inequality and the cognitive basis of redistribution
Blouin, Arthur; Mani, Anandi; Mukand, Sharun W.; Sgroi, … - 2024
social preferences for redistribution. Two separate experiments (one in the UK and the other in the USA) show that the elite …
Persistent link: https://www.econbiz.de/10014637340
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Experimental evidence for tax policy design
Ackert, Lucy F.; Gillette, Ann B.; Martinez-Vazquez, Jorge - 2005
Persistent link: https://www.econbiz.de/10003117492
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Preferences for redistribution and pensions : what can we learn from experiments?
Tausch, Franziska; Potters, Jan; Riedl, Arno - In: Journal of pension economics and finance 12 (2013) 3, pp. 298-325
Persistent link: https://www.econbiz.de/10010198491
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Preferences for Redistribution and Perception of Fairness : An Experimental Study
Durante, Ruben - 2013
We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance … is affected by redistribution. We estimate utility weights for the different sources of demand for redistribution, with …
Persistent link: https://www.econbiz.de/10013077859
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Preferences for Redistribution and Perception of Fairness : An Experimental Study
Durante, Ruben - 2009
importance of fairness preferences, risk aversion, and self-interest in determining support for redistribution by conducting a … redistribution and the level of redistribution that maximizes additive social welfare. Most of our subjects prefer that there be less … inequality among others and demand for redistribution responds in predictable ways to the cost of taxation and to the dead …
Persistent link: https://www.econbiz.de/10012721268