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health and education services, providing social safety nets and redistributing incomes more efficiently. …
Persistent link: https://www.econbiz.de/10010313982
The debate over legal requirements of a balanced federal budget has gained new life. A requirement would have strong implications for future fiscal policy. Done right, a requirement will allow Congress to combine a balanced budget with policy goals such as growth and full employment. Done wrong,...
Persistent link: https://www.econbiz.de/10013040528
one-commodity setup (pure distributive social system). Non-cooperative distributive equilibrium is characterized, and its … pure distributive social systems to general social systems that combine competitive market exchange with the non … property in two versions of the theory successively: the general social systems of Section 4; and the important special case of …
Persistent link: https://www.econbiz.de/10014023678
We formulate a rule for allocating asylum seekers that is based on the social preferences of the native workers of the … receiving countries. To derive the rule, we construct for each country a social welfare function, SWF, where the social welfare … relative income. In a utilitarian manner, we combine the social welfare functions of the countries into a global social welfare …
Persistent link: https://www.econbiz.de/10014518659
We formulate a rule for allocating asylum seekers that is based on the social preferences of the native workers of the … receiving countries. To derive the rule, we construct for each country a social welfare function, SWF, where the social welfare … relative income. In a utilitarian manner, we combine the social welfare functions of the countries into a global social welfare …
Persistent link: https://www.econbiz.de/10014502780
A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient …
Persistent link: https://www.econbiz.de/10010323665
A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient … equality ; Social welfare maximization ; Relative income …
Persistent link: https://www.econbiz.de/10009355518
When individuals' utility is a convex combination of their income and their concern at having a low relative income (the weights attached to income and to the concern at having a low relative income sum up to one), the maximization of aggregate utility yields an equal income distribution. This...
Persistent link: https://www.econbiz.de/10011281236
When individuals’ utility is a convex combination of their income and their concern at having a low relative income (the weights attached to income and to the concern at having a low relative income sum up to one), the maximization of aggregate utility yields an equal income distribution. This...
Persistent link: https://www.econbiz.de/10010490143
A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient … equality ; Social welfare maximization ; Relative income …
Persistent link: https://www.econbiz.de/10009349040