Introduction to incentive issues

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This chapter examines the problem of incentives in relation to conceptual issues having to do with the connection between responsibility and choice. It first considers allocation rules and social orderings, along with social ordering functions as well as Conditional Equality and Egalitarian-Equivalence. It then turns to optimal compensation policies, multiple goods and in-kind transfers, and the possibility of local and global satiation based on the assumption of a single transferable good. It also discusses how incentivecompatible policies inspired by such criteria as Conditional Equality and Egalitarian-Equivalence can work.

Original languageEnglish (US)
Title of host publicationFairness, Responsibility, and Welfare
PublisherOxford University Press
ISBN (Electronic)9780191808579
ISBN (Print)9780199215911
DOIs
StatePublished - Apr 30 2015
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

Keywords

  • Allocation rules
  • Choice
  • Conditional equality
  • Egalitarian-equivalence
  • Incentives
  • Multiple goods
  • Optimal compensation policies
  • Responsibility
  • Satiation
  • Social orderings

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  • Cite this

    Fleurbaey, M. (2015). Introduction to incentive issues. In Fairness, Responsibility, and Welfare Oxford University Press. https://doi.org/10.1093/acprof:osobl/9780199215911.003.0003