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In its 2018 introduction and subsequent work, Quadratic Funding (QF) emerged as a uniquely optimal design for the democratic provision of public goods under the assumption of atomized participants with perfect rationality. In this paper, we aim to move past this rational and atomized portrayal...
Persistent link: https://www.econbiz.de/10014255237
This paper presents an infinite-horizon version of intergenerational utilitarianism that is both satisfactorily complete and consistent. By studying discounted utilitarianism as the discount factor tends to one, a generalized criterion is obtained, which we completely characterize in terms of...
Persistent link: https://www.econbiz.de/10013078241
Legislative misbehavior is best curbed through rational legislating requirements, whereby legislators must include in the legislative record an explicit elaboration of the path of lawmaking - from evidence, through findings, to ultimate conclusions - that clearly sets out the analytic connection...
Persistent link: https://www.econbiz.de/10013094837
People often act out of a desire to be responsible for good and not for bad events. Similarly, people frequently reward and punish other people if they perceive them to be responsible for the implementation of events that they like or dislike. When the implementation of an event depends on the...
Persistent link: https://www.econbiz.de/10013358767
People frequently reward and punish other people if they perceive them to be responsible for the implementation of events that they like or dislike. However, the determinants of such responsibility perceptions are not well understood within economics. In this paper, I propose a notion of causal...
Persistent link: https://www.econbiz.de/10012934472
We model inter-individual differences in preferences for redistribution as a function of (a) self-interest; (b) stable ideological traits; (c) subjective perceptions of the relative importance of the main determinants of income differences (luck, effort, talent). Individuals base the latter on...
Persistent link: https://www.econbiz.de/10014150070
The present paper consists of two closely related parts: one which outlines a normative criterion for evaluating the legitimacy of constitutional change and one which specifies a particular proposal of a constitution. The criterion used stems directly from the "pragmatic" brand of...
Persistent link: https://www.econbiz.de/10014108364
This paper extends the analysis of liberal principles in social choice recently proposed by Mariotti and Veneziani (2009a) to infinitely-lived societies. First, a novel characterisation of the inegalitarian leximax social welfare relation is provided based on the Individual Benefit Principle,...
Persistent link: https://www.econbiz.de/10014205507
Does the intensification of labour increase the rate of exploitation? Does it produce absolute surplus value or … labour always leads to an increase in the rate of exploitation, and second, that the increase in the rate of exploitation …
Persistent link: https://www.econbiz.de/10012433355
exploitation theorem (GCET) purports to demonstrate that many other commodities can be substances of value. This note argues that …
Persistent link: https://www.econbiz.de/10012252231