Showing 11 - 20 of 33,538
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10013300870
The Pareto principle has great intuitive appeal, but poses perplexities on closer examination. What exactly do we mean by “preferences”? Should the principle apply ex post or ex ante? Does it uphold individual autonomy, individual welfare, or both? This essay argues that the Pareto principle...
Persistent link: https://www.econbiz.de/10014148870
We consider the problem of the fair allocation of indivisible goods and money with non-quasi-linear preferences. The purpose of the present study is to examine strategic manipulation under envy-free solutions. We show that under a certain domain-richness condition, each individual obtains the...
Persistent link: https://www.econbiz.de/10013026709
In a moneyless market, a non storable, non transferable homogeneous commodity is reallocated between agents with single-peaked preferences. Agents are either suppliers or demanders. Transfers between a supplier and a demander are feasible only if they are linked, and the links form an arbitrary...
Persistent link: https://www.econbiz.de/10011689320
In this paper I present a measure of freedom for opportunity sets which are bounded by both budget and time constraints … leaving freedom distribution unaltered should apply progressive taxation. Since incomes bind freedom only partially when time … constraints bind, taxing the rich reduces his freedom proportionally less than taxing the poor reduces his. Moreover, when incomes …
Persistent link: https://www.econbiz.de/10005572317
measure of freedom is proposed which is apt to interpersonal comparisons of opportunity sets. Individual choice freedom may … that progressive taxation redistributes freedom in favour of the poor, all the more so when public revenues are used to … finance the public provision of goods, in which case overall freedom may result enlarged …
Persistent link: https://www.econbiz.de/10014076166
The paper compares the Sen's paradox on the Paretian liberal (1970) and the standard version of the Coase theorem (1960). The comparison of the two theorems is somehow puzzling: If we accept Sen then we have to forget Coase and vice-versa. Following the analysis of Hillinger and Lapham (1971),...
Persistent link: https://www.econbiz.de/10014103775
measure is not based on pivotality, but rather on a measure of freedom of choice in individual decisions. Indeed, I use the …
Persistent link: https://www.econbiz.de/10014112437
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/10009506417
I present a model of freedom as control. Control is measured by the preferences of a decision-maker, or judge, who … neutral judges about which choice situations embody more freedom. The theory extends the freedom ranking literature to …
Persistent link: https://www.econbiz.de/10012937009