Showing 61 - 70 of 131
Ever since its introduction by Foley [1967] and Varian [1974], the notion of fairness has been one of the most extensively used notion to evaluate allocations on an ethical basis. Whereas there is an extensive literature on the efficiency properties of allocations in economies with uncertainty...
Persistent link: https://www.econbiz.de/10008795013
We show that, in a two-period economy with uncertainty in the second period, if an allocation is Pareto optimal for a given set of beliefs and remains optimal when these beliefs are changed, then the set of optimal allocations of the two economies must actually coincide. We identify equivalence...
Persistent link: https://www.econbiz.de/10008795036
Most prominent models of economic justice (and especially those proposed by Harsanyi and Rawls) are based on the assumption that impartiality is required for making moral decisions. However, although Harsanyi and Rawls agree on that, and furthermore agree on the fact that impartiality can be...
Persistent link: https://www.econbiz.de/10008795082
La recherche d'une mesure objective des inégalités, sur le modèle des mesures des grandeurs physiques est vaine : la mesure des inégalités dépend, en effet, de l'opinion des membres de la société en matière de justice distributive. Il est donc souhaitable que les opinions qui...
Persistent link: https://www.econbiz.de/10008795133
We analyze the aggregation problem without the assumption that individuals and society have fully determined and observable preferences. More precisely, we endow individuals ans society with sets of possible von Neumann-Morgenstern utility functions over lotteries. We generalize the classical...
Persistent link: https://www.econbiz.de/10008795209
We reconsider the principles of diminishing transfer (introduced by Kolm [1976]) and dual diminishing transfer (introduced by Mehran [1976]). It appears that if a Rank Dependent Expected Utility (RDEU) maximizer respects the principle of diminishing (resp. dual diminishing) transfer, then he...
Persistent link: https://www.econbiz.de/10008795221
The (generalized) Gini indices rely on the social welfare function of a decision maker who behaves in accordance with Yaari's model, with a function f that transforms frequencies. This SWF can also be represented as the weighted sum of the welfare of all the possible coalitions in the society,...
Persistent link: https://www.econbiz.de/10008795222
Les mesures traditionnelles des inégalités considèrent l'aversion collective à l'égard des inégalités comme un paramètre déterminé a priori. En particulier, ce paramètre est maintenu constant lorsqu'on effectue des comparaisons internationales ou intertemporelles. Nous proposons ici...
Persistent link: https://www.econbiz.de/10008795264
Since the order generated by the Lorenz criterion is partial, it is a natural question to wonder how to extend this order. Most of the literature that is concerned with that question focuses on local changes in the income distribution. We follow a different approach, and define uniform...
Persistent link: https://www.econbiz.de/10008795306
In this paper, we provide an axiomatic characterization of social welfare functions for uncertain incomes. Our most general result is that a small number of reasonable assumptions regarding welfare orderings under uncertainty rule out pure ex ante as well as pure ex post evaluations. Any social...
Persistent link: https://www.econbiz.de/10008795368