发表机构
Center for Economic Research, Shandong University(山东大学经济研究院)
机构由 AI 辅助整理,请以论文原文为准。AI 中文总结
本文基于代际效用可比性与公平原则,公理化了一族允许决策者展现不同程度不平等厌恶的时间偏好加总规则,以解释实验观察到的温和不平等厌恶,且与实验数据拟合良好。
AI 中文摘要
实验证据表明,在加总时间偏好时,决策者对个体对一串结果的评价之间的不平等表现出温和的厌恶。功利主义加总规则和最大最小加总规则都无法解释这一发现。基于关于代际效用可比性和代际公平的原则,本文公理化了一族加总规则,这些规则允许决策者表现出不同程度的不平等厌恶。这些规则与实验数据拟合良好。
英文摘要
Experimental evidence reveals that, in aggregating time preferences, a decision maker exhibits mild aversion to inequality across individuals' evaluations of a stream. Neither the utilitarian nor the maxmin aggregation rule can account for this finding. Building on principles concerning the comparability of intergenerational utilities and intergenerational fairness, this paper axiomatizes a family of aggregation rules that allow the decision maker to display varying degrees of inequality aversion. These rules fit well with experimental data.