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and that of responsibility. According to the former, a good resource allocation system should neutralize the differential … elicit compensation. The principle of responsibility can be interpreted as a libertarian principle of natural reward, or as a … principle of utilitarian reward. Depending on whether the emphasis is put on the principle of compensation or of responsibility …
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The modern formulation of equality of opportunity emerges from discussions in political philosophy from the second half of the twentieth century beginning with Rawls (1971) and Dworkin (1981a,b) . Equality of opportunity exists when policies compensate individuals with disadvantageous...
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This paper reports an experiment designed to elicit social preferences over income compensation schemes, where income differences between subjects have two independent components: one due to chosen effort and the other due to random chance. These differences can be compensated through social...
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