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Economic efficiency and the quest for a more just world

Tarko, Vlad - 2022

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

Market fields structure & dynamics in industrial automation

Slowak, André P. - 2009

Persistent link: https://www.econbiz.de/10003815815

The election of a world champion

Langen, Martin; Krauskopf, Thomas - 2010

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

Equitable representation in the councils of the United Nations : theory and application

Gould, Matthew; Rablen, Matthew - 2013

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

New challenges in central banking : monetary policy governance and macroprudential issues

Gnan, Ernest; Masciandaro, Donato; Cerutti, Eugenio M.; … - New Challenges in Central Banking: Monetary Policy and …; … - 2017

Which are the new frontiers in central banking? Which things have changed in the aftermath of the financial, economic and sovereign debt crisis? These are questions raised frequently by central bankers, academics and interested observers alike. There are quite a few areas to cover in answering...

Persistent link: https://www.econbiz.de/10011754571

Inequality of opportunity, income inequality and economic mobility : some international comparisons

Brunori, Paolo; Ferreira, Francisco H. G.; Peragine, … - 2013

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

Microfoundations of Terrorism : Exit, Sincere Voice, and Self-Subversion in Terrorist Networks

Koker, Tolga - 2008

Group pressure is a powerful tool at terrorist groups' disposal to uphold its network. The paper presents a behavioral model that explains how the radical leadership sustains group unity by pressuring likely dissidents into conformity. It explains that dissenters face three options. The first is...

Persistent link: https://www.econbiz.de/10012722854

Who is Running the IMF : Critical Shareholders or the Staff?

Fratianni, Michele U. - 2014

The paper deals with the principal-agent relationship at the International Monetary Fund (IMF). We argue that residual control rights at the IMF are vested with the critical shareholders, the countries included in the G-7. This group controls vast financial resources and enjoys the highest...

Persistent link: https://www.econbiz.de/10012709545

Managing momentum in climate negotiations

Carattini, Stefano; Löschel, Andreas - 2020

The Conference of the Parties (COP) has proven a valuable outlet to advance the climate agenda. The combination of high media coverage, extremely high expectations set by influential environmentalists, and unanimity rules has, however, started to limit its effectiveness. Technical issues can...

Persistent link: https://www.econbiz.de/10012318579

Financial Regulatory Reform : Using Models of Cooperation to Evaluate Current Prospects for International Agreement

Masson, Paul R. - 2009

We detail several models that help to understand the prospects for cooperation on regulatory reform in the current crisis. A first model, which focuses on parameter uncertainty, shows that gains from coordination increase as the global economy becomes less certain, because coordination allows...

Persistent link: https://www.econbiz.de/10013159219