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We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the …
Persistent link: https://www.econbiz.de/10010440430
In the distributive analysis, the constant relative inequality aversion utility function is a standard tool for ethical … inequality aversion utility function using datasets available from the Luxembourg Income Study Database. We utilise the method of …
Persistent link: https://www.econbiz.de/10012887975
In the presence of inequality a status-driven utility function reconciles the conflict between income-based and …
Persistent link: https://www.econbiz.de/10010319857
Persistent link: https://www.econbiz.de/10013347136
In the distributive analysis, the constant relative inequality aversion utility function is a standard tool for ethical … inequality aversion utility function using datasets available from the Luxembourg Income Study Database. We utilise the method of …
Persistent link: https://www.econbiz.de/10013467156
One cannot doubt the ubiquitous lack of hope and confidence in the so-called democratic institutions by the large majority of people. The fundamental reason thereof is the blatant contradiction between the principle of democracy, promoting the rule of law and thereby the welfare of people, and...
Persistent link: https://www.econbiz.de/10011984736
One cannot doubt the ubiquitous lack of hope and confidence in the so-called democratic institutions by the large majority of people. The fundamental reason thereof is the blatant contradiction between the principle of democracy, promoting the rule of law and thereby the welfare of people, and...
Persistent link: https://www.econbiz.de/10011588170
Legal empowerment has become widely accepted in development policy circles as an approach to addressing poverty and exclusion. At the same time, it has received relatively little attention from political scientists and sociologists working on overlapping and closely related topics. Research on...
Persistent link: https://www.econbiz.de/10011943846
Legal empowerment has become widely accepted in development policy circles as an approach to addressing poverty and exclusion. At the same time, it has received relatively little attention from political scientists and sociologists working on overlapping and closely related topics. Research on...
Persistent link: https://www.econbiz.de/10011808903
This article studies socially optimal allocations, from the point of view of a benevolent social planner, in environments characterized by fixed resources, endogenous fertility, and full information. Individuals in our environment are fully rational and altruistic toward their descendants. Our...
Persistent link: https://www.econbiz.de/10013189017