How can we assess the welfare of a society, its evolution over time and predict its change due to particular policy interventions? One way is to use survey-based welfare indicators such as the OECD Better Life Index. It invites people to weight a variety of quality of life indicators according...

This paper examines the implications of habit formation in private and public consumption for the Pareto-efficient provision of public goods, based on a two-period model with nonlinear taxation. If the public good supply is time-invariant, the presence of habit formation generally alters the...

Um die soziale Wohlfahrt anhand verschiedener Indikatoren, die das Wohlbefinden der Menschen beeinflussen, zu messen, muss man klären, wie wichtig uns die einzelnen Indikatoren sind, d.h. mit welchem Gewicht sie in die Wohlfahrtsfunktion eingehen sollten. Die OECD lädt mit dem Better Life...