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'Fair' Welfare Comparisons with Heterogeneous Tastes: Subjective versus Revealed Preferences

Akay, Alpaslan; Bargain, Olivier; Jara, Xavier - 2017

Multidimensional welfare analysis has recently been revived by money-metric measures based on explicit fairness principles and the respect of individual preferences. To operationalize this approach, preference heterogeneity can be inferred from the observation of individual choices (revealed...

Persistent link: https://www.econbiz.de/10011744620

Preferences for redistribution in the US, Italy, Norway: An experiment study

Grimalda, Gianluca; Farina, Francesco; Schmidt, Ulrich - 2018

We examine experimentally individual preferences for redistributions in the US, Italy, and Norway. Twenty-one subjects were assigned initial earnings from a discrete uniform distribution. The source of earnings was manipulated and depended either on luck or on individual relative performance in...

Persistent link: https://www.econbiz.de/10011780697

Fair allocation of disputed properties

Ju, Biung-Ghi; Moreno-Ternero, Juan D. - 2016

We model problems of allocating disputed properties as generalized exchange economies. Therein, agents have preferences and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual claims. We focus on market-based allocation rules that...

Persistent link: https://www.econbiz.de/10011788896

Priorities in the location of multiple public facilities

Bochet, Olivier; Gordon, Sidartha - 2008

A collective decision problem is described by a set of agents, a profile of single-peaked preferences over the real line and a number k of public facilities to be located. We consider public facilities that do not suffer from congestion and are non-excludable. We provide a characterization of...

Persistent link: https://www.econbiz.de/10010316052

Freedom of choice: John Stuart Mill and the tree of life

Alcalde-Unzu, Jorge; Ballester, Miguel A.; Nieto, Jorge - In: SERIEs - Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 209-226

This essay deals with the notion and content of freedom of choice proposing a new set up and a new family of measures … some ideas of John StuartMill, we propose that freedom of choice has to be understood not in a single stage of choice, but … this new framework, we propose a set of axioms that imply the following family of measures of lifetime's freedom of choice …

Persistent link: https://www.econbiz.de/10010317104

A characterization of the uniform rule without Pareto-optimality

Ehlers, Lars - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 4, pp. 447-452

We consider private good economies with single-peaked preferences. We show that the uniform rule is the only allocation rule satisfying omega-continuity, no-envy, and one-sided resource-monotonicity. This result strengthens a characterization of the uniform rule due to Thomson (Soc Choice Welf...

Persistent link: https://www.econbiz.de/10010317126

Characterization of Pareto dominance

Voorneveld, Mark - 2002

The Pareto dominance relation is shown to be the unique nontrivial partial order on the set of finite-dimensional real vectors satisfying a number of intuitive properties.

Persistent link: https://www.econbiz.de/10010281310

A new equity condition for infinite utility streams and the possibility of being Paretian

Asheim, Geir B.; Tungodden, Bertil - 2005

We investigate the properties of a new equity condition, Hammond Equity for the Future (HEF), capturing the following ethical intuition: A sacrifice by the present generation leading to a uniform gain for all future generations cannot lead to a less desirable utility stream if the present...

Persistent link: https://www.econbiz.de/10010284287

Infinite-horizon choice functions

Asheim, Geir B.; Bossert, Walter; Sprumont, Yves; … - 2006

We analyze infinite-horizon choice functions within the setting of a simple linear technology. Time consistency and efficiency are characterized by stationary consumption and inheritance functions, as well as a transversality condition. In addition, we consider the equity axioms Suppes-Sen,...

Persistent link: https://www.econbiz.de/10010284309

Sustainable recursive social welfare functions

Asheim, Geir B.; Mitra, Tapan; Tungodden, Bertil - 2006

Koopmans’s (Econometrica 28, 287–309) axiomatization of discounted utilitarianism is based on seemingly compelling conditions, yet this criterion leads to hard-to-justify outcomes. The present analysis considers a class of sustainable recursive social welfare functions within Koopmans’s...

Persistent link: https://www.econbiz.de/10010284345