Fair management of social risk * January 2014

  title={Fair management of social risk * January 2014},
  author={William S. Dietrich},
  • William S. Dietrich
  • Published 2014
We provide a general method for extending fair social preferences defined for riskless economic environments to the context of risk and uncertainty. We apply the method to the problems of managing unemployment allowances (in the context of macroeconomic fluctuations) and catastrophic risks (in the context of climate change). It requires paying attention to… CONTINUE READING