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Fair allocation of disputed properties
Ju, Biung-Ghi; Moreno-Ternero, Juan D. - 2016
We model problems of allocating disputed properties as generalized exchange economies. Therein, agents have preferences and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual claims. We focus on market-based allocation rules that...
Persistent link: https://www.econbiz.de/10011538925
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Evaluating climate policies by the Pareto principle : efficiency when future identities are unobservable
Asheim, Geir B.; Kamaga, Kohei; Zuber, Stéphane - 2022
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10012817856
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Fair collective choice rules : their origin and relationship
Nishimura, Yukihiro (contributor) - 2008
; Efficiency ; Equity ; No-Envy … dominates z, or (ii) x equity-dominates z. Its transitive-closure and the strict relation derive different ranking criteria, but …
Persistent link: https://www.econbiz.de/10003750503
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On welfare frameworks and catastrophic climate risks
Millner, Antony - 2013
Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to "fat-tailed" risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10010199723
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"Fair" welfare comparisons with heterogeneous tastes : subjective versus revealed preferences
Akay, Alpaslan; Bargain, Olivier; Jara, H. Xavier - 2017
Multidimensional welfare analysis has recently been revived by money-metric measures based on explicit fairness principles and the respect of individual preferences. To operationalize this approach, preference heterogeneity can be inferred from the observation of individual choices (revealed...
Persistent link: https://www.econbiz.de/10011709621
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Rank-discounting as a resolution to a dilemma in population ethics
Asheim, Geir B.; Zuber, Stéphane - 2018
When evaluating well-being distributions in an anonymous (and replication invariant) manner, one faces a dilemma between (i) assigning dictatorship to a single worst-off person, thus succumbing to a tyranny of non-aggregation and (ii) assigning dictatorship to (unboundedly) many better-off...
Persistent link: https://www.econbiz.de/10011941310
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Conducting cost benefit analysis in expected utility units using revealed social preferences
Canning, David - 2023
Assuming individual preferences satisfy the Von Neumann-Morgenstern axioms for expected utility we show how we can measure an individual's expected utility of any state using their willingness to accept a gamble over two reference points. The utility function captures the diminishing marginal...
Persistent link: https://www.econbiz.de/10013490730
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Voting for compromises: alternative voting methods in polarized societies
Alós-Ferrer, Carlos; Buckenmaier, Johannes - 2021 - This version: July 2021
methods (Approval Voting and Borda Count) reduce the support for egoistic options and favor equity and efficiency, avoiding … extreme outcomes. Those methods differ in whether they favor equity or efficiency when the latter benefits a majority. Our …'s lives and contribute to social instability. Even if political compromises based on social conventions as equity or economic …
Persistent link: https://www.econbiz.de/10012625507
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Language rights : a welfare-economics approach
Wickström, Bengt-Arne - 2015
determination of an optimal rights structure results. It is further shown that an efficiency analysis based on a "naive" cost …
Persistent link: https://www.econbiz.de/10011309548
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The pivotal mechanism revisited : some evidence on group manipulation
Gantner, Anita; Höchtl, Wolfgang; Sausgruber, Rupert - 2011
This paper studies the vulnerability of the pivotal mechanism with respect to manipulation by groups. In a lab experiment, groups decide on the implementation of various alternatives, some of which imply opposite interests for the two subgroups. We investigate the occurrence of tacit and...
Persistent link: https://www.econbiz.de/10009737525