A transfer from a richer individual to poorer A transfer from a richer individual to poorer seems to be the most seems to be the most intuitive and straightforward way of reducing income inequality in a society. However, can such a transfer reduce the welfare of the society? We show that a rich...

Inequity plays a fundamental role in the evaluation of social welfare in many dimensions.We revisit the concept of inequity, whether across states of world (uncertainty), across individuals (inequality) and across generations (intergenerational equity), using a common framework generalizing the...

A transfer from a richer individual to a poorer one seems to be the most intuitive and straightforward way of reducing income inequality in a society. However, can such a transfer reduce the welfare of the society? We show that a rich-to-poor transfer can induce a response in the individuals'...

There are powerful fairness and efficiency arguments for making charitable donations to soup kitchens 100% deductible. These arguments have no purchase for donations to fund opulent church organs, yet these too are 100% deductible under the current tax code. And this stark dichotomy is only the...

This paper presents a summary of main results of evaluation studies of performance of Ceacute;dula da Terra (MAAR) and INCRA (TAR) Agrarian Reform Projects. Moreover, it focus on the comparison between the two governance structures regarding Williamson discussion on quot;remediablenessquot;. The...

Living through hunger and physical hardship from infancy to premature old age; living through economic shifts that close factories and strip currency of its value in an instant; living through social turmoil, political upheaval, and war; through it all, poor men and women in communities around...

In this paper, we examine the performance of the market mechanism by focusing on whether no one, in the "long-run", can be left behind with technological innovation in the economy. We show that the market mechanism with technological innovation unavoidably leaves some individuals behind. We...

According to accepted wisdom, quot;the tax substitution argumentquot; fairly establishes that it is best to tax only labor income, and not also income from savings and investment. In this Article, I show that the tax substitution argument - which is actually a disjointed collection of arguments...

The World Bank's global poverty estimates suffer from deep-seated problems arising from a single source, the lack of a standard for identifying who is poor and who is not that is consistent and meaningful. The new choice of an international poverty line of $1.90 (2011 PPP) does not in any way...

We experimentally study causal effects of competitive experience in markets with a short and a long side on efficiency levels attained in a subsequent social dilemma. We find that market experience affects efficiency when traders previously competed in the same market on the same side. The...