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Persistent link: https://www.econbiz.de/10011486411
There is no consensus on how to measure social welfare and inequality when households have different needs. As we show, a dilemma emerges between holding households responsible for their needs or compensating them. This dilemma is of first-order importance for social welfare, but generally plays...
Persistent link: https://www.econbiz.de/10015052572
argue that Foley's (1967) equity test, i.e., the requirement that no agent prefer the allocation obtained by swapping her … equitable allocation among inequity-averse agents and in a domain with linear externalities that we introduce. Finally, we …We study equitable allocation of indivisible goods and money among agents with other-regarding preferences. First, we …
Persistent link: https://www.econbiz.de/10011599572
argue that Foley's (1967) equity test, i.e., the requirement that no agent prefer the allocation obtained by swapping her … equitable allocation among inequity-averse agents and in a domain with linear externalities that we introduce. Finally, we …We study equitable allocation of indivisible goods and money among agents with other-regarding preferences. First, we …
Persistent link: https://www.econbiz.de/10011188497
Meritocracies aspire to reward effort and hard work but promise not to judge individuals by the circumstances they were born into. The choice to work hard is, however, often shaped by circumstances. This study investigates whether people's merit judgments are sensitive to this endogeneity of...
Persistent link: https://www.econbiz.de/10012614805
Although one may hope to achieve equality of stated profits without enforcing it, one may not trust in such voluntary equality seeking and rather try to impose rules (of bidding) guaranteeing it. Our axiomatic approach is based on envy-free net trades according to bids which, together with the...
Persistent link: https://www.econbiz.de/10003944203
How malleable are peopleś fairness ideals? Although fairness is an oft-invoked concept in allocation situations, it is … experiment whether peopleś fairness ideals vary with respect to changes in the order in which they undertake two allocation tasks …. Participants first generate resources in a real-effort task and then distribute them. In the partial allocation task, the …
Persistent link: https://www.econbiz.de/10011279775
(intergenerational equity), using a common framework generalizing the discounted expected utilitarianism approach. We propose a general … measure of welfare as equity equivalents and develop the corresponding inequity index. We then allow for different degrees of …
Persistent link: https://www.econbiz.de/10011622070
considerations to explain the development or sustainability of these transfers. Such is the implicit ambition of efficiency theories … 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
Based on the premise that fairness is different from equity and that it is primarily used in informal contexts we …
Persistent link: https://www.econbiz.de/10003969334