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On Second-Best Compensation

Author

Listed:
  • Bossert, W.
  • Fleurbaey, M.
  • Van de gaer, D.
Abstract
This paper examines how the first-best models of compensation based on the agents' talents and responsabilities analyzed in some recent contributions can be extended to a second-best context. A few social criteria are proposed and compared to alternative approaches by Roemer and Van de gaer.

Suggested Citation

  • Bossert, W. & Fleurbaey, M. & Van de gaer, D., 1996. "On Second-Best Compensation," Papers 9607, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
    • Handle: RePEc:fth:pnegmi:9607
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    Citations

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    Cited by:

    1. Kranich, Laurence, 1997. "Equalizing opportunities through public education when innate abilities are unobservable," UC3M Working papers. Economics 7216, Universidad Carlos III de Madrid. Departamento de Economía.
    2. Ricardo Arlegi & Jorge Nieto, 1998. "Equality of Opportunities: Cardinality-Based Criteria," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 9818, Departamento de Economía - Universidad Pública de Navarra.
    3. Vito Peragine, 2004. "Measuring and implementing equality of opportunity for income," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 22(1), pages 187-210, February.
    4. Maniquet, Francois, 1998. "An equal right solution to the compensation-responsibility dilemma," Mathematical Social Sciences, Elsevier, vol. 35(2), pages 185-202, March.
    5. Herrero, Carmen, 1997. "Equitable opportunities: an extension," Economics Letters, Elsevier, vol. 55(1), pages 91-95, August.
    6. Herrero, Carmen & Iturbe-Ormaetxe, Inigo & Nieto, Jorge, 1998. "Ranking opportunity profiles on the basis of the common opportunities," Mathematical Social Sciences, Elsevier, vol. 35(3), pages 273-289, May.
    7. Vitorocco Peragine, "undated". "Responsibility Compensation and Income Distribution," Discussion Papers 98/13, Department of Economics, University of York.
    8. FLEURBAEY, Marc & MANIQUET, François, 1998. "Optimal income taxation: and ordinal approach," LIDAM Discussion Papers CORE 1998065, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    9. Erik Schokkaert & Kurt Devooght, 2003. "Responsibility-sensitive fair compensation in different cultures," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 21(2), pages 207-242, October.

    More about this item

    Keywords

    MATHEMATICS; CONTRACTS;

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)

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