Resource egalitarianism with a dash of efficiency
AbstractWe study the problem of defining inequality-averse social orderings over allocations of commodities when individuals have different preferences. We formulate a notion of egalitarianism based on the axiom that any dominance between consumption bundles should be reduced. This Dominance Aversion requirement is compatible with Consensus, a version of the Pareto principle saying that an allocation y is better than x whenever everybody finds that everyoneʼs bundle at y is better than at x. We characterize a family of multidimensional leximin orderings satisfying Dominance Aversion and Consensus.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 147 (2012)
Issue (Month): 4 ()
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Web page: http://www.elsevier.com/locate/inca/622869
Multidimensional egalitarianism; Leximin; Efficiency;
Other versions of this item:
- SPRUMONT, Yves, 2007. "Resource Egalitarianism with a Dash of Efficiency," Cahiers de recherche 2007-03, Universite de Montreal, Departement de sciences economiques.
- SPRUMONT, Yves, 2007. "Resource Egalitarianism with a Dash of Efficiency," Cahiers de recherche 03-2007, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- 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
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