Equal treatment for the present and the future was required in two axioms for sustainable development introduced by the author. This article shows that the two axioms are equivalent to awareness of physical limits in the long run future. We prove that two optimization problems are equivalent :...

Human development is about expanding the choices human beings have to lead lives that they value and is captured by its capability sets which consist of various functioning vectors. The standard of living is then reflected in capability sets. This paper proposes some particular ways of measuring...

We develop a model in which individuals choose education to improve their earnings and regulate the cultural traits they acquire via social transmission. When education makes individuals more receptive to mainstream culture, minority groups underinvest in education as a form of cultural...

We adopt a welfarist approach to study sequencing problems in a private information setup. The ”generalized minimum welfare bound” (GMWB) is a universal representation of all the specific bounds that have been previously studied in the literature. Every agent is offered a protection in the...

We identify the complete class of transfer rules that guarantee strategyproofness of any non-increasing in completion time allocation rule for the sequencing problem. We then characterize the class of mechanisms satisfying efficiency of decision (or aggregate cost minimization), egalitarian...

Social health care systems are inevitably confronted with the scarcity of resources and the resulting distributional challenges. Since prioritization implies distributional effects, decisions on respective rules should take citizens’ preferences into account. Thus, knowledge about citizens’...

Proportionate Reciprocity, Modesty, and Democracy, are the key concepts in Aristotle’s economics of exchange. The following correspondence of these concepts with modern social science may be contemplated: (a) Ideally, reciprocal justice in bilateral bargaining to minimize expenditure given...

It is difficult to identify acts that are purely altruistic, and do not have some level of egoism or self-interest involved. By considering situations where team members seemingly have nothing to gain by the way they distribute points to others with regard to peer evaluation, and where their...

`Relative Utilitarianism' (RU) is a version of classical utilitarianism, where each person's utility function is rescaled to range from zero to one. As a voting system, RU is vulnerable to preference exaggeration by strategic voters. The Groves-Clarke Pivotal Mechanism elicits truthful...

The goal of this paper is to show that neither mean-based voting systems nor median-based ones can fulfill requirements of an ideal democracy. We then work out an original voting function obtained by hydrizing Borda Majority Count (mean-based) and Majority Judgment (median-based). The so-called...