Showing 1 - 10 of 41
With diminishing global water reserves the problem of water allocation becomes increasingly important. We consider the problem of efficiently sharing a river among a group of satiable countries. Inducing countries to efficiently cooperate requires monetary compensations via international...
Persistent link: https://www.econbiz.de/10008617059
Ranking development programs using integrals of discounted utilities can yield drastic consequences that offend our sense of justice. New alternative social welfare criteria should be considered. A reaction to discounted utilitarianism is to moderate its effects by adding to the social welfare...
Persistent link: https://www.econbiz.de/10008617016
We examine the measurement of individual poverty in an intertemporal context. In contrast to earlier contributions, we assign importance to the persistence in a state of poverty and we characterize a class of individual intertemporal poverty measures reflecting this feature. In addition, we...
Persistent link: https://www.econbiz.de/10008617020
In many economic environments - such as college admissions, student placements at public schools, and university housing allocation - indivisible objects with capacity constraints are assigned to a set of agents when each agent receives at most one object and monetary compensations are not...
Persistent link: https://www.econbiz.de/10008617024
We study the problem of defining inequality-averse social orderings over the space of allocations in a multi-commodity environment where individuals differ only in their preferences. We formulate notions of egalitarianism based on the axiom that any dominance between the consumption bundles of...
Persistent link: https://www.econbiz.de/10008617031
We reconsider the problem of aggregating individual preference orderings into a single social ordering when alternatives are lotteries and individual preferences are of the von Neumann-Morgenstern type. Relative egalitarianism ranks alternatives by applying the leximin ordering to the...
Persistent link: https://www.econbiz.de/10008617034
We study the problem of provision and cost-sharing of a public good in large economies where exclusion, complete or partial, is possible. We search for incentive-constrained efficient allocation rules that display fairness properties. Population monotonicity says that an increase in population...
Persistent link: https://www.econbiz.de/10008617048
We offer an axiomatization of the serial cost-sharing method of Friedman and Moulin (1999). The key property in our axiom system is Group Demand Monotonicity, asking that when a group of agents raise their demands, not all of them should pay less.
Persistent link: https://www.econbiz.de/10008617052
This paper reviews the welfarist approach to population ethics. We provide an overview of the critical-level utilitarian population principles and their generalized counterparts, examine important properties of these principles and discuss their relationships to other variable-population...
Persistent link: https://www.econbiz.de/10008617053
We examine the measurement of multidimensional poverty and material deprivation following the counting approach. In contrast to earlier contributions, dimensions of well-being are not forced to be equally important but different weights can be assigned to different dimensions. We characterize a...
Persistent link: https://www.econbiz.de/10008617058