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This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …
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Altruism, giving and pro-social conduct, and reciprocity, are the basis of the existence and performance of societies, through their various occurrences: in families; among the diverse motives of the political and public sector; as the general respect and moral conduct which permit life in...
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In a dynamic model of assignment problems, small deviations suffice to move between stable outcomes. This result is used to obtain no-selection and almost-no-selection results under the stochastic stability concept for uniform and payoff-dependent errors. There is no-selection of partner or...
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review the papers that have addressed the allocation problem using cooperative game theory. We also relate the rules defined …
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with a non-empty core), if a subsolution of the core satisfies [indifference with respect to dummy agents, continuity, and … consistency] or [Pareto indifference and consistency], then it coincides with the core (Theorems 1 and 2). However, we also prove … with the core whenever the core is non-empty (Theorem 3). Finally, we comment on the difficulty in obtaining further …
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