Benefit–cost analysis (BCA) evaluates policy choices by summing unweighted monetary
equivalents, and is insensitive to distributional considerations. An established scholarly …

Disputes over government policies rage in a number of areas. From taxation to climate
change, from public finance to risk regulation, and from health care to infrastructure …

This chapter reviews important contributions to justice research in economics with an
emphasis on empirical findings that bear on leading theories of justice. We consider …

Choices involving risk significantly affect the distribution of income and wealth in society.
This paper reports the results of the first experiment, to our knowledge, to study fairness …

We offer a model of equality of opportunity that encompasses different conceptions
expressed in the public and philosophical debates. In addition to circumstances whose …

We discuss the conceptual foundations of measuring (in) equity in health and health care.
After an overview of the recent developments in the measurement of socioeconomic …

The most widely used economic models of social preferences are specified only for certain
outcomes. There are two obvious methods of extending them to lotteries. If we do so by …

We propose families of measures for vulnerability to both individual and aggregate poverty.
We view vulnerability as the burden caused by the threat of poverty. Exposure to states of …

We propose a model of preferences in which the effect of randomization on ambiguity
depends on how the unknown probability law is determined. We adopt the framework of …

This paper proposes to define sustainability in terms of leaving it possible for future
generations to sustain certain defined targets. It is shown that variants of genuine savings …