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Inequality averse collective choice

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  • Ok, Efe A.

Abstract

The Lorenz-Pareto Optimal Frontier of a collective choice problem indentifies a (usually quite large) subset of all Pareto optimal outcomes which are not inegalitarian according to the Lorenz criterion. We study the basic properties of Lorenz-Pareto optimal choice functions and in particular obtain necessary and sufficient conditions for rationalizability and representability of such functions.
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  • Ok, Efe A., 1998. "Inequality averse collective choice," Journal of Mathematical Economics, Elsevier, vol. 30(3), pages 301-321, October.
    • Handle: RePEc:eee:mateco:v:30:y:1998:i:3:p:301-321
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    2. Karsu, Özlem & Morton, Alec & Argyris, Nikos, 2018. "Capturing preferences for inequality aversion in decision support," European Journal of Operational Research, Elsevier, vol. 264(2), pages 686-706.

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    More about this item

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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