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Resource egalitarianism with a dash of efficiency

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  • Sprumont, Yves

Abstract

We 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 Info

Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 147 (2012)
Issue (Month): 4 ()
Pages: 1602-1613

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Handle: RePEc:eee:jetheo:v:147:y:2012:i:4:p:1602-1613

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Web page: http://www.elsevier.com/locate/inca/622869

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Keywords: Multidimensional egalitarianism; Leximin; Efficiency;

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Cited by:
  1. FLEURBAEY, Marc & SCHOKKAERT, Erik, . "Behavioral welfare economics and redistribution," CORE Discussion Papers RP -2485, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Gajdos, Thibault & Weymark, John A., 2012. "Introduction to inequality and risk," Journal of Economic Theory, Elsevier, vol. 147(4), pages 1313-1330.

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