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This paper studies the problem of fairly allocating an amount of a divisible resource when preferences are single-peaked. We characterize the class of envy-free and peak-only rules and show that the class forms a complete lattice with respect to a dominance relation. We also pin down the...
Persistent link: https://www.econbiz.de/10010332491
Using a sample of 20 OECD countries it is shown that the majority of countries decreased the level of intragenerational redistribution in the first pillar of their pension systems, though the evidence is weak in statistical terms. We find strong correlations between changes of the so-called...
Persistent link: https://www.econbiz.de/10010335599
We propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU). We thus generalize rank-discounted utilitarianism (RDU) (proposed by Zuber and Asheim, 2012) to variable population and risky situations and thereby take important steps towards...
Persistent link: https://www.econbiz.de/10010352364
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
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
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 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
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...
Persistent link: https://www.econbiz.de/10011687919
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
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