On The Axiomatics Of Resource Allocation: Interpreting The Consistency Principle
AbstractAn allocation rule is consistent if the recommendation it makes for each problem âagreesâ with the recommendation it makes for each associated reduced problem, obtained by imagining some agents leaving with their assignments. Some authors have described the consistency principle as a âfairness principleâ. Others have written that it is not about fairness, that it should be seen as an âoperational principleâ. We dispute the particular fairness interpretations that have been offered for consistency, but develop a different and important fairness foundation for the principle, arguing that it can be seen as the result of adding âsomeâ efficiency to a âpost-applicationâ and efficiency-free expression of solidarity in response to population changes. We also challenge the interpretations of consistency as an operational principle that have been given, but identify a sense in which such an interpretation can be supported. We review and assess the other interpretations of the principle, as ârobustnessâ, âcoherenceâ, and âreinforcementâ.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal Economics and Philosophy.
Volume (Year): 28 (2012)
Issue (Month): 03 (November)
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Other versions of this item:
- William Thomson, 2012. "On the axiomatics of resource allocation: Interpreting the consistency principle," RCER Working Papers 573, University of Rochester - Center for Economic Research (RCER).
- C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances
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.:
- Juan D. Moreno-Ternero & John E. Roemer, 2011.
"A common ground for resource and welfare egalitarianism,"
11.12, Universidad Pablo de Olavide, Department of Economics.
- Moreno-Ternero, Juan D. & Roemer, John E., 2012. "A common ground for resource and welfare egalitarianism," Games and Economic Behavior, Elsevier, vol. 75(2), pages 832-841.
- MORENO-TERNERO, Juan D. & ROEMER, John E., . "A common ground for resource and welfare egalitarianism," CORE Discussion Papers RP -2400, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- MORENO-TERNERO, Juan D. & ROEMER, John E., 2008. "Axiomatic resource allocation for heterogeneous agents," CORE Discussion Papers 2008018, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Serizawa, Shigehiro, 2002. "Inefficiency of Strategy-Proof Rules for Pure Exchange Economies," Journal of Economic Theory, Elsevier, vol. 106(2), pages 219-241, October.
- Erlanson, Albin & Szwagrzak, Karol, 2013. "Strategy-Proof Package Assignment," Working Papers 2013:43, Lund University, Department of Economics.
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