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Responsibility, talent, and compensation: A second-best analysis

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Author Info
Dirk Van de gaer () (Department of Economics, NUI-University of Maynooth, Maynooth, Co. Kildare, Ireland)
Marc Fleurbaey () (THEMA, Université de Cergy-Pontoise, 33 Bd du Port, F-95011 Cergy-Pontoise Cedex, France)
Walter Bossert () (Department of Economics, University of Nottingham, University Park, Nottingham NG7 2RD, UK)

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Abstract

This paper examines how the first-best models of compensation based on the agents' talents and responsibilities 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.

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Publisher Info
Article provided by Springer in its journal Review of Economic Design.

Volume (Year): 4 (1999)
Issue (Month): 1 ()
Pages: 35-55
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Handle: RePEc:spr:reecde:v:4:y:1999:i:1:p:35-55

Note: Received: 5 March 1997 / Accepted: 19 August 1998
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Related research
Keywords: Compensation; optimal tax; second-best; opportunities;

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Find related papers by JEL classification:
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

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  4. E. Ooghe & E. Schokkaert & D. Van De Gaer, 2004. "Equality of opportunity versus equality of opportunity sets," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 04/240, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
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  5. Ricardo Arlegi, 2005. "Freedom Of Choice And Conflict Resolution," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 0502, Departamento de Economía - Universidad Pública de Navarra. [Downloadable!]
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  14. M. Fleurbaey & F. Maniquet, 2000. "Fair Social Orderings With Unequal Production Skills," THEMA Working Papers 2000-17, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
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