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There exist congenital diseases that reduce newborns' potential opportunities. This reduction is sometimes alleviated …
Persistent link: https://www.econbiz.de/10005008203
Opportunities in society are commonly interpreted as `chances of success'. Within this interpretation, should … opportunities be equalised? We show that a liberal principle of justice and a limited principle of social rationality imply that …
Persistent link: https://www.econbiz.de/10011112283
). For such problems, compensation schemes specify how the data owners should be compensated by the agents in needs of data …. On the class of data games, the Core, the Nucleolus and the Shapley value provide relevant compensation schemes. We … provide three comparable axiomatic characterizations of the set of all (additive) compensation schemes belonging to the Core …
Persistent link: https://www.econbiz.de/10010743112
This paper combines the problem of optimal income taxation with the free-rider problem in public good provision. There are two groups of individuals with private information on their earning ability and their valuation of a public good. Adjustments of the transfer system are needed to discourage...
Persistent link: https://www.econbiz.de/10010333865
This paper combines the problem of optimal income taxation with the free-rider problem in public good provision. There are two groups of individuals with private information on their earning ability and their valuation of a public good. Adjustments of the transfer system are needed to discourage...
Persistent link: https://www.econbiz.de/10010264775
This paper derives a version of the Samuelson rule, which takes not only the marginal costs of public funds into account but also the desirability of preference revelation. Under a linear income tax more able individuals suffer from a larger utility loss if taxes are raised to cover the cost of...
Persistent link: https://www.econbiz.de/10010264785
This paper assumes that individuals possess private information both about their abilities and about their valuation of a public good. Individuals can undertake collective actions on order to manipulate the tax system and the decision on public good provision. Consequently, an implementable...
Persistent link: https://www.econbiz.de/10010264802
We study a large economy model in which individuals have private information about their productive abilities and their preferences. Moreover, there is aggregate uncertainty so that the social benefits from taxation and public goods provision are a priori unknown. The analysis is based on a...
Persistent link: https://www.econbiz.de/10010266057
This paper extends the model of optimal income taxation due to Mirrlees (1971) and includes private information on public goods preferences. A mechanism design approach is used to establish the following result: If policies are required to be robustly implementable in the sense of Bergemann and...
Persistent link: https://www.econbiz.de/10010266981
We study a large economy model in which individuals have private information about their productive abilities and their preferences for public goods. A mechanism design approach is used to characterize implementable tax and expenditure policies. A robustness requirement in the sense of Bergemann...
Persistent link: https://www.econbiz.de/10010266987