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efficiency only if they are dictatorial. …
Persistent link: https://www.econbiz.de/10014536335
Persistent link: https://www.econbiz.de/10014536703
In this paper, we study intertemporal social welfare evaluations when agents have heterogeneous time preferences that are interpersonally noncomparable. We first show that, even if all agents share the same time preferences, there is a conflict between the axioms of Pareto principle, time...
Persistent link: https://www.econbiz.de/10014536920
question by exploring the efficiency properties of equilibria in an overlapping generations setting with endogenous fertility … and dynastic parental altruism, using a particular formulation of the notion of P-efficiency proposed by Golosov, Jones …, there is no need to alter children's rights in order to achieve efficiency. …
Persistent link: https://www.econbiz.de/10014537047
payoffs on cooperation, focusing on one-shot PD games where efficiency requires mutual cooperation. We report results from …
Persistent link: https://www.econbiz.de/10014533918
High student dropout rates are a continuing concern within higher education and have received considerable attention for decades. Despite numerous proposed interventions, it remains unclear which interventions are effective, and what the pivotal active ingredients are. This paper systematically...
Persistent link: https://www.econbiz.de/10014533955
We study the effect of diminishing search frictions in markets with adverse selection by presenting a model in which agents with private information can simultaneously contact multiple trading partners. We highlight a new trade- off: facilitating contacts reduces coordination frictions but also...
Persistent link: https://www.econbiz.de/10014534006
Much has been written of the implications for government policy on 'responsible business' but a comprehensive review of the subject is needed. This literature review will offer an assessment of varied insights to inform academics and practitioners on an important topic in need of scrutiny. The...
Persistent link: https://www.econbiz.de/10014546009
Persistent link: https://www.econbiz.de/10014483563
Purpose: Define a simple and efficient method to allocate costs and benefits in energy communities, and characterize some of its key properties.Design/methodology/approach: The approach is theoretical. We define an algorithm to allocate costs and benefits in energy communities, and derive some...
Persistent link: https://www.econbiz.de/10014513400