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Autoren: 
Corneo, Giacomo
Fong, Christina M.
Datum: 
2006
Schriftenreihe/Nr.: 
CESifo Working Paper No. 1706
Zusammenfassung: 
This paper proposes a model that can be implemented to estimate the willingness to pay for distributive justice. A formula is derived that allows one to recover the willingness to pay for distributive justice from the estimated coefficients of a probit regression and fiscal data. Using this formula and data from a 1998 Gallup Social Audit, we find that the monetary value of justice in the United States is about one fifth of GDP. We find no evidence that the value of justice varies across types of people.
JEL: 
D63
H24
Dokumentart: 
Working Paper

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