Showing 91 - 100 of 68,438
the efficiency-first or the equity-first principle. The degrees of rationality vary widely depending on which principle is …When we construct social preferences, the Pareto principle is often in conflict with the equity criteria: there exist … two allocations x and y such that x Pareto dominates y, but y is an equitable allocation whereas x is not. The efficiency …
Persistent link: https://www.econbiz.de/10005018453
The paper aims to describe the evolution part of the economy and power to tax in Colombia. It also explains the failure of the government and the problems that have expanded public sector expenditures. Furthermore, we identify the aspects of political economy have influenced the evolution of the...
Persistent link: https://www.econbiz.de/10009652920
to either one of its two agents. Together with efficiency, and a version of equal treatment of equals, these properties …
Persistent link: https://www.econbiz.de/10009216676
In this paper we present an axiomatic analysis of several ranking methods for tournaments. We find that two of them exhibit a very good behaviour with respect to the set of properties under consideration. One of them is the maximum likelihood ranking, the most common method in statistics and...
Persistent link: https://www.econbiz.de/10014175803
order additivity condition. This result contrasts well with various results on the incompatibility between efficiency and ex …
Persistent link: https://www.econbiz.de/10014212939
auctions for equity and efficiency … explore two possibilities for efficiency despite heterogeneity. First, MET had so much water that it could treat it as a club …
Persistent link: https://www.econbiz.de/10014218340
This paper studies the application of the notion of secure implementation (Cason, Saijo, Sjostrom, and Yamato, 2006; Saijo, Sjostrom, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal richness. We...
Persistent link: https://www.econbiz.de/10014223471
This Chapter aims to defend the Dependence Thesis - proved in Chapter Three - against important objections. Part 2 defends the Thesis against an argument from anti-theory in ethics. The anti-theory position maintains that abstract, general ethical theories do more harm than good. Part 2 rebuts...
Persistent link: https://www.econbiz.de/10014050061
This Chapter elucidates and defends the second premise of the Argument from Claims about Interest-Affecting Normative Requirement. The premise runs: A theory is a normative political theory just in case it claims that a certain set of normative requirements ranges over (a) some actions, or (b)...
Persistent link: https://www.econbiz.de/10014053865
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10013300870