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associate efficiency, fairness, and the intrinsic quality of social relations. …
Persistent link: https://www.econbiz.de/10014023677
The mainly used welfare criterion in the social network literature is Bentham´s utilitarian concept. The shortcomings … of this concept are well-known. We compare the outcomes of the utilitarian concept with the Nash social welfare function … of welfare considerations of important network formation models are evaluated by using the multiplicative concept. We …
Persistent link: https://www.econbiz.de/10008464689
welfare properties. Here, we concentrate on welfare criteria and define properties of utility function which are causal for …
Persistent link: https://www.econbiz.de/10010266869
) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost …) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost … and the opportunity cost of either justice is zero. -- economics ; efficiency ; intragenerational and intergenerational …
Persistent link: https://www.econbiz.de/10009356137
. This study, on the other hand, seeks to establish evidence on unbiased justice and to propose and demonstrate a general … approach for measuring impartial views empirically. Most normative justice theories associate impartiality with limited … between consensus and impartiality, this paper seeks to help lay an empirical foundation for welfare analysis, social choice …
Persistent link: https://www.econbiz.de/10012730263
account factors other than individual welfare is Pareto-inefficient; in particular, they argue at length that notions of … fairness - insofar as they do not directly contribute to individual welfare - should be eschewed as a basis for policy … pluralistic or majoritarian decisionmaking are prone to welfare-inefficient outcomes. Judicial intervention could be seen to …
Persistent link: https://www.econbiz.de/10014058485
) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost … indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate … the “opportunity set” of politics with respect to the two normative objectives of inter- and intragenerational justice, i …
Persistent link: https://www.econbiz.de/10013113658
Ken Arrow (1998) asks, “What has economics to say about racial discrimination?” He replies – entirely correctly – that racial “segregation within an industry – that is, firms with either all black or all white labor forces” – may be explained by economic theory, but “the...
Persistent link: https://www.econbiz.de/10011260187
This paper investigates the driving forces behind informal sanctions in cooperation games and the extent to which theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted towards the defectors but the latter also impose a...
Persistent link: https://www.econbiz.de/10003031484
) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost … indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate … the “opportunity set” of politics with respect to the two normative objectives of inter- and intragenerational justice, i …
Persistent link: https://www.econbiz.de/10010858049