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This paper revisits the debates about the meaning of economic efficiency, and the moral dilemmas associated with using … Kaldor-Hicks efficiency or Pareto efficiency for policy analysis. I lay out the best case for efficiency as meta-value, and … argue that Pareto efficiency is a poor normative criterion, while, nonetheless, offering a valuable tool for positive …
Persistent link: https://www.econbiz.de/10014077660
This paper examines the mechanisms by which a World Champion is chosen in the For-mula One Championship. Furthermore it is analysed whether there is a best method to do this. For this purpose we will discuss the methods used by the Fédération Internationale de l'Automobile (FIA) since the...
Persistent link: https://www.econbiz.de/10009374773
Despite a recent surge in the number of studies attempting to measure inequality of opportunity in various countries, methodological differences have so far prevented meaningful international comparisons. This paper presents a comparison of ex-ante measures of inequality of economic opportunity...
Persistent link: https://www.econbiz.de/10009696905
We develop a theoretical framework for equity in council voting games (CVGs). In a CVG, a fully representative voting body delegates decision-making to a subset of the members, as describes, e.g., the United Nations Security Council (UNSC). Three equity concepts are proposed: ex-ante...
Persistent link: https://www.econbiz.de/10010223052
This paper analyses the role of ratification quotas in multilateral agreements over emission reduction. The higher is the quota, the lower is the level of emissions in case the agreement comes into force, but the higher is also the risk of failure. In a setting with incomplete information, two...
Persistent link: https://www.econbiz.de/10010439371
There is a research tradition in the economics of standards which addresses standards wars, antitrust concerns or positive externalities from standards. Recent research has also dealt with the process characteristics of standardisation, de facto standard-setting consortia and intellectual...
Persistent link: https://www.econbiz.de/10010485390
The secession of the Sudan into two parts, Northern and Southern countries and the following armed conflicts on its borders, calls for an analysis of why that happened. It is seen as a disaster for both as there are interrelationships between the two built over historical period. There are also...
Persistent link: https://www.econbiz.de/10013106687
Despite a recent surge in the number of studies attempting to measure inequality of opportunity in various countries, methodological differences have so far prevented meaningful international comparisons. This paper presents a comparison of ex-ante measures of inequality of economic opportunity...
Persistent link: https://www.econbiz.de/10013087427
Why do sudden and massive social, economic, and political changes occur when and where they do? Are there institutional preconditions that encourage such changes when present and discourage such changes when absent? In this paper, I employ a general model which suggests that massive equilibrium...
Persistent link: https://www.econbiz.de/10013151923
The first wave of globalization (1830-1914) witnessed a decline in the number of countries from 125 to 54. Political consolidation was often achieved through war and conquest. The second wave of globalization (1950-present) has led instead to an increase in the number of countries to a record...
Persistent link: https://www.econbiz.de/10012940953