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A measure of well-being efficiency based on the World Happiness Report
Sarracino, Francesco; O'Connor, Kelsey J. - 2022
We propose a measure of well-being efficiency to assess countries' ability to transform inputs into subjective well … sample of 126 countries. Efficiency scores reveal that high ranking subjective well-being countries, such as the Nordics, are … not strictly the most efficient ones. Also, the scores are uncorrelated with economic efficiency. This means that the …
Persistent link: https://www.econbiz.de/10013164102
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A measure of well-being efficiency based on the world happiness report
Sarracino, Francesco; O'Connor, Kelsey J. - 2022
We estimate a measure of well-being efficiency that assesses countries' ability to transform inputs into subjective … Analysis to a sample of 126 countries. Efficiency scores reveal that high ranking subjective well-being countries, such as the … Nordics, are not strictly the most efficient ones. Also, the scores are uncorrelated with economic efficiency. This suggests …
Persistent link: https://www.econbiz.de/10013431350
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Endowment effect theory and the Samuelson solution – a thought experiment
Bischoff, Ivo - 2006
Thaler (1980) employs prospect theory to explain the endowment effect, i.e. the empirically observed disparity between the willingness to pay for a certain good (WTP) and the willingness to accept retribution payments in exchange for giving up this good (WTA). This disparity is caused either by...
Persistent link: https://www.econbiz.de/10010296568
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Is a Flat Tax politically feasible in a grown-up Welfare State?
Schaefer, Thilo; Peichl, Andreas; Fuest, Clemens - 2007
unique database of German micro data to provide empirical evidence for the analysis of the equity and efficiency effects as … base parameters are crucial for the effects of flat tax reforms in terms of equity and efficiency. A flat rate tax with a …
Persistent link: https://www.econbiz.de/10010297020
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Classification of network formation models
Moebert, Jochen - 2006
Social network formation models are often compared by their network structures, which satisfy specific equilibrium or welfare properties. Here, we concentrate on welfare criteria and define properties of utility function which are causal for certain network structures. We hope the identification...
Persistent link: https://www.econbiz.de/10010266869
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Time-consistent fair social choice
Miyagishima, Kaname - In: Theoretical Economics 18 (2023) 3, pp. 941-964
In this paper, we study intertemporal social welfare evaluations when agents have heterogeneous time preferences that are interpersonally noncomparable. We first show that, even if all agents share the same time preferences, there is a conflict between the axioms of Pareto principle, time...
Persistent link: https://www.econbiz.de/10014536920
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On the Provision of Excludable Public Goods - General Taxes or User Prices?
Economides, George; Philippopoulos, Apostolis - 2020
, we address both efficiency and distribution issues. The focus is on the effects of user prices on individual incentives … and choices. We identify circumstances under which a market system of user prices not only enhances aggregate efficiency …
Persistent link: https://www.econbiz.de/10012425630
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A measure of well-being efficiency based on the World Happiness Report
Sarracino, Francesco; O'Connor, Kelsey J. - 2022
We propose a measure of well-being efficiency to assess countries' ability to transform inputs into subjective well … sample of 126 countries. Efficiency scores reveal that high ranking subjective well-being countries, such as the Nordics, are … not strictly the most efficient ones. Also, the scores are uncorrelated with economic efficiency. This means that the …
Persistent link: https://www.econbiz.de/10013093093
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A Measure of Well-Being Efficiency Based on the World Happiness Report
Sarracino, Francesco; O'Connor, Kelsey J. - 2022
We estimate a measure of well-being efficiency that assesses countries' ability to transform inputs into subjective … Analysis to a sample of 126 countries. Efficiency scores reveal that high ranking subjective well-being countries, such as the … Nordics, are not strictly the most efficient ones. Also, the scores are uncorrelated with economic efficiency. This suggests …
Persistent link: https://www.econbiz.de/10013470432
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The Shapley value without efficiency and additivity
Casajus, André - 2012
We provide a new characterization of the Shapley value neither using the efficiency axiom nor the additivity axiom. In … this characterization, efficiency is replaced by the gain-loss axiom (Einy and Haimanko, 2011, Game Econ Behav 73: 615 …
Persistent link: https://www.econbiz.de/10010311060