Showing 51 - 60 of 1,270
The Nash equilibria of a tax-setting game between two governments who can set nonlinear income tax schedules for a perfectly mobile workforce whose members differ in unobserved skill levels are examined. Each government maximizes the average utility of its residents. It is shown that while...
Persistent link: https://www.econbiz.de/10005595913
Persistent link: https://www.econbiz.de/10005753002
Persistent link: https://www.econbiz.de/10005711579
The axioms that characterize the generalized Gini social evaluation orderings for one-dimensional distributions are extended to the multidimensional attributes case. A social evaluation ordering is shown to have a two-stage aggregation representation if these axioms and a separability assumption...
Persistent link: https://www.econbiz.de/10005155409
Persistent link: https://www.econbiz.de/10010558329
Persistent link: https://www.econbiz.de/10009400221
Persistent link: https://www.econbiz.de/10009403176
The axioms that characterize the generalized Gini social evaluation orderings for one-dimensional distributions are extended to the multidimensional attributes case. A social evaluation ordering is shown to have a two-stage aggregation representation if these axioms and a separability assumption...
Persistent link: https://www.econbiz.de/10008795640
The evaluation of social risk equity for alternative probability distributions over the potential sets of fatalities is analyzed axiomatically. Fishburn and Straffin [Equity considerations in public risks valuation, Operatons Research 37 (1999), 229-239] have identified a necessary and...
Persistent link: https://www.econbiz.de/10008795954
A necessary and sufficient condition for dominant strategy implementability when preferences are quasilinear is that, for any individual i and any choice of the types of the other individuals, all k-cycles in i's allocation graph have nonnegative length for every integer k � 2. Saks and Yu...
Persistent link: https://www.econbiz.de/10009024825