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Balancing supply and demand under bilateral constraints

Bochet, Olivier; Ilkilic, Rahmi; Moulin, Hervé; … - In: Theoretical Economics 7 (2012) 3, pp. 395-423

In a moneyless market, a non storable, non transferable homogeneous commodity is reallocated between agents with single-peaked preferences. Agents are either suppliers or demanders. Transfers between a supplier and a demander are feasible only if they are linked, and the links form an arbitrary...

Persistent link: https://www.econbiz.de/10011599466

Escaping the repugnant conclusion: rank-discounted utilitarianism with variable population

Asheim, Geir B.; Zuber, Stéphane - In: Theoretical Economics 9 (2014) 3, pp. 629-650

We contribute to population ethics by proposing and axiomatizing rank-discounted critical-level generalized utilitarianism (RDCLU). Population ethics is needed for evaluation of policies, e.g., concerning climate change, where population size depends on the chosen policy. We show that...

Persistent link: https://www.econbiz.de/10011599524

Budget-balance, fairness and minimal manipulability

Ehlers, Lars; Svensson, Lars-Gunnar; Andersson, Tommy - In: Theoretical Economics 9 (2014) 3, pp. 753-777

A common real-life problem is to fairly allocate a number of indivisible objects and a fixed amount of money among a group of agents. Fairness requires that each agent weakly prefers his consumption bundle to any other agent's bundle. In this context, fairness is incompatible with budget-balance...

Persistent link: https://www.econbiz.de/10011599527

Mediation in claims problems

Giménez-Gómez, José-Manuel; Peris, Josep E. - In: SERIEs - Journal of the Spanish Economic Association 5 (2014) 4, pp. 357-375

Mediation is a dispute resolution process whereby agents reach a mutually acceptable agreement among different proposals that satisfy a set of principles. This paper provides a natural way of coming to such agreements in claims problems. In our approach, mediation combines (i) a set of fair...

Persistent link: https://www.econbiz.de/10011650291

Burden sharing in deficit countries: A questionnaire-experimental investigation

Gaertner, Wulf; Schwettmann, Lars - In: SERIEs - Journal of the Spanish Economic Association 8 (2017) 2, pp. 113-144

This paper studies the problem of burden sharing in countries that were forced to introduce severe budget cuts after the collapse of Lehman Brothers in 2008 which had unleashed a financial crisis in many industrialised countries of the Western world. We do not ask how the burden was actually...

Persistent link: https://www.econbiz.de/10011994634

Health, responsibility and taxation with a fresh start

Calo-Blanco, Aitor - In: SERIEs - Journal of the Spanish Economic Association 8 (2017) 2, pp. 177-199

In a model where individuals differ in both their health care needs and their lifestyle preferences, we examine the fair provision of health care when those who regret their initial decisions are granted a fresh start. By considering that each agent chooses how to allocate a given amount of...

Persistent link: https://www.econbiz.de/10011994636

Inequality reducing properties of progressive income tax schedules: The case of endogenous income

Carbonell-Nicolau, Oriol; Llavador, Humberto G. - In: Theoretical Economics 13 (2018) 1, pp. 39-60

The case for progressive income taxation is often based on the classic result of Jakobsson, 1976 and Fellman, 1976, according to which progressive and only progressive income taxes - in the sense of increasing average tax rates on income - ensure a reduction in income inequality. This result has...

Persistent link: https://www.econbiz.de/10012010019

Who's afraid of aggregating money metrics?

Bosmans, Kristof; Decancq, Koen; Ooghe, Erwin - In: Theoretical Economics 13 (2018) 2, pp. 467-484

We provide an axiomatic justification to aggregate money metrics. The key axiom requires the approval of richer-to-poorer transfers that preserve the overall efficiency of the distribution. This transfer principle - together with the basic axioms of anonymity, continuity, monotonicity, and a...

Persistent link: https://www.econbiz.de/10012010032

One-dimensional mechanism design

Moulin, Hervé - In: Theoretical Economics 12 (2017) 2, pp. 587-619

We prove a general possibility result for collective decision problems where individual allocations are one-dimensional, preferences are single-peaked (strictly convex), and feasible allocation profiles cover a closed convex set. Special cases include the celebrated median voter theorem (Black...

Persistent link: https://www.econbiz.de/10012010079

Freedom of choice: John Stuart Mill and the tree of life

Alcalde-Unzu, Jorge; Ballester, Miguel A.; Nieto, Jorge - In: SERIEs - Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 209-226

This essay deals with the notion and content of freedom of choice proposing a new set up and a new family of measures … some ideas of John StuartMill, we propose that freedom of choice has to be understood not in a single stage of choice, but … this new framework, we propose a set of axioms that imply the following family of measures of lifetime's freedom of choice …

Persistent link: https://www.econbiz.de/10010317104

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