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We illustrate how the desire to live in a fair society that rewards individual effort and hard work triggers an unselfish though rational demand for redistribution. This leads the well off to prefer higher taxes and the poor to reject extreme progressivity. We then provide evidence of these...
Persistent link: https://www.econbiz.de/10011785084
considerations to explain the development or sustainability of these transfers. Such is the implicit ambition of efficiency theories … of the Welfare State. However, while these theories may be suited for explaining the development of public insurance or … explained by pure efficiency motives, but less than what would be predicted under the extended insurance hypothesis. One …
Persistent link: https://www.econbiz.de/10014023654
welfare properties. Here, we concentrate on welfare criteria and define properties of utility function which are causal for …
Persistent link: https://www.econbiz.de/10008464607
This paper studies the e¤ect of social relations on the convergence to the e¢ cient equilibrium in a 2x2 coordination game. We employ a 2x2 factorial design in which we explore two di¤erent games with asymmetric payo¤s and two matching protocols: .friends.versus .strangers.. In the .rst game...
Persistent link: https://www.econbiz.de/10005449609
trucks cartel (1997-2011). Overall, we estimate a net welfare loss of approximately €0.7 bn. and an overcharge below 1% (€1 …
Persistent link: https://www.econbiz.de/10012030955
trucks cartel (1997-2011). Overall, we estimate a net welfare loss of approximately €0.7 bn. and an overcharge below 1% (€1 …
Persistent link: https://www.econbiz.de/10011858897
property rights allocation on the economic efficiency of the management strategies is studied. …
Persistent link: https://www.econbiz.de/10011260579
Productivity research is Canada has traditionally focused on narrow economic issues. In our view, it has given inadequate attention to the broader ramifications of productivity, both in terms of shedding light on the importance of productivity for the advancement of various aspects of social...
Persistent link: https://www.econbiz.de/10005518911
individual welfare would be directly affected by policy measures designed to make consumption sustainable. Such policy measures … are likely to also trigger indirect welfare losses by negative employment effects. The policy debate therefore needs to … pay attention to both direct and indirect welfare effects. As a concrete proposal a redesign of consumption taxes is …
Persistent link: https://www.econbiz.de/10010286752
Strong growth in disposable income has driven, and is still driving, consumption to unprecedented, but not sustainable levels. To explain the dynamic interplay of needs, need satisfaction, and innovation underlying that growth a behavioral theory of consumption is suggested and discussed with...
Persistent link: https://www.econbiz.de/10010286761