The first price auction is the auction procedure awarding the item to the highest bidder at the price equal to his bid. Much attention has been devoted to the two bidder case or to the symmetric case where the bidders' valuations are identically and independently distributed. We consider the...

I characterize a generalization of the negligence rule to assign compensating damages in an accident involving multiple tortfeasors. These tortfeasors have the opportunity to undertake spending in prevention and the rule is designed to provide them with the best incentives to do so. I study the...

Il est possible d'interpréter une classe d'indices d'iniquité horizontale comme représentant un regroupement de moyennes normatives de sentiments individuels de performance relative dans la distribution des taxes et des transferts. Un membre très connu de cette classe est l'indice...

Despite the complexity of the first price auction in the general asymmetric case, analytical results have started to emerge in the literature. Authors have searched to gain insights by computing numerical estimates of the equilibria for some particular probability distributions of the...

A class of inequality measures that is a natural companion to the popular Lorenz curve is the class of measures that are linear in incomes. These measures, which include the Gini and S-Gini coefficients, can be interpreted as ethical means of relative deprivation feelings. Their change through...

The recent theorical literature on the political economy of growth displays contrasting findings on the nature of the political link between income inequality and growth. In this paper, we explain this contrast and argue that in a democracy, when redistribution is in the form of government...