Showing 471 - 480 of 522
This article reconsiders the Harsanyi--Sen debate concerning whether Harsanyi is justified in interpreting his Aggregation and Impartial Observer Theorems as providing axiomatizations of utilitarianism. Sen's criticism and its formalization by Weymark are based on the claim that von...
Persistent link: https://www.econbiz.de/10005459272
This article considers the ranking of profiles of opportunity sets on the basis of their equality. A version of the Pigou-Dalton transfer principle that is appropriate for the measurement of opportunity inequality is introduced and used to axiomatize the class of generalized Gini equality of...
Persistent link: https://www.econbiz.de/10005459274
The axioms used to 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...
Persistent link: https://www.econbiz.de/10005752735
In the past quarter century, there has been a dramatic shift of focus in social choice theory, with structured sets of alternatives and restricted domains of the sort encountered in economic problems coming to the fore. This article provides an overview of some of the recent contributions to...
Persistent link: https://www.econbiz.de/10005752754
Comparative static properties of the solution to an optimal nonlinear income tax problem are provided for a model in which the government both designs an income tax schedule for redistributive purposes and provides a public good optimally. There are two types of individuals, distinguished by...
Persistent link: https://www.econbiz.de/10005585291
This article considers measures of individual welfare change for projects that change the state distribution of prices and incomes. For a consumer whose preferences satisfy the expected utility hypothesis, we investigate whether there is an increasing function of the state-contingent...
Persistent link: https://www.econbiz.de/10005585302
A social choice function satisfies the tops-only property if the chosen alternative only depends on each person's report of his most-preferred alternatives on the range of this function. On many domains, strategy-proofness implies the tops-only property, provided that the range of the social...
Persistent link: https://www.econbiz.de/10005585306
This article provides an introduction to the normative approach to multidimensional inequality measurement. Multivariate generalizations of the procedures used to construct univariate inequality indices from social evaluation orderings are described. Axiomatizations of multivariate Atkinson,...
Persistent link: https://www.econbiz.de/10005585319
James Buchanan (Economica, 1966) has argued that Alfred Marshall's theory of jointly-supplied goods can be extended to analyze the allocation of impure public goods. This article introduces a way of modelling sharing technologies for jointly-supplied goods that captures the essential features of...
Persistent link: https://www.econbiz.de/10005585321
Diamond and Mirrlees have shown that public sector shadow prices should be set equal to the private producer prices in some circumstances even if taxes are not optimal when the public production technology is convex and some of the private sector firms have constant-returns-to-scale...
Persistent link: https://www.econbiz.de/10005585323