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Two Criteria for Social Decisions

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Author Info
Marc Fleurbaey () (Nuffield College, Oxford University, UK)
Abstract

This paper studies the ethical underpinnings of two social criteria which are prominent in the literature dealing with the problem of evaluating allocations of several consumption goods in a population with heteregenous preferences. The Pazner-Schmeidler criterion (Pazner-Schmeidler 1978) and the Walrasian criterion (Fleurbaey and Maniquet 1996) are prima facie quite different. But it is shown here that these criteria are related to close variants of the fairness condition that an allocation is better when every individual bundle in it dominates the average consumption in another allocation. In addition, the results suggest that the Pazner-Schmeidler criterion can be viewed as the best extension of the Walrasian criterion to non-convex economies.

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Publisher Info
Paper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 2004-W27.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length: 27 pages
Date of creation: 01 Nov 2004
Date of revision:
Handle: RePEc:nuf:econwp:0427

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Web page: http://www.nuff.ox.ac.uk/economics/

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Keywords: social welfare social choice fairness

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  1. Samuelson, Paul A, 1977. "Reaffirming the Existence of "Reasonable" Bergson-Samuelson Social Welfare Functions," Economica, London School of Economics and Political Science, vol. 44(173), pages 81-88, February. [Downloadable!] (restricted)
  2. Marc Fleurbaey & Philippe Mongin, 2005. "The news of the death of welfare economics is greatly exaggerated," Social Choice and Welfare, Springer, vol. 25(2), pages 381-418, December. [Downloadable!] (restricted)
  3. Francois Maniquet, 2002. "Social Orderings for the Assignment of Indivisible Objects," Economics Working Papers 0015, Institute for Advanced Study, School of Social Science. [Downloadable!]
  4. Marc Fleurbaey & Alain Trannoy, 2003. "The impossibility of a Paretian egalitarian," Social Choice and Welfare, Springer, vol. 21(2), pages 243-263, October. [Downloadable!] (restricted)
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  5. Marc Fleurbaey & Philippe Mongin, 2004. "The News of the Death of Welfare Economics is Greatly Exaggerated," Post-Print hal-00242931_v1, HAL. [Downloadable!]
  6. Varian, Hal R., 1974. "Equity, envy, and efficiency," Journal of Economic Theory, Elsevier, vol. 9(1), pages 63-91, September. [Downloadable!] (restricted)
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  7. Sprumont, Yves & Zhou, Lin, 1999. "Pazner-Schmeidler rules in large societies," Journal of Mathematical Economics, Elsevier, vol. 31(3), pages 321-339, April. [Downloadable!] (restricted)
  8. Maniquet, Francois, 1999. "A strong incompatibility between efficiency and equity in non-convex economies," Journal of Mathematical Economics, Elsevier, vol. 32(4), pages 467-474, December. [Downloadable!] (restricted)
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  9. M. Fleurbaey & F. Maniquet, 2000. "Fair Social Orderings With Unequal Production Skills," THEMA Working Papers 2000-17, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
  10. Pazner, Elisha A & Schmeidler, David, 1978. "Egalitarian Equivalent Allocations: A New Concept of Economic Equity," The Quarterly Journal of Economics, MIT Press, vol. 92(4), pages 671-87, November. [Downloadable!] (restricted)
    Other versions:
  11. Charles Blackorby & David Donaldson, 1990. "A Review Article: The Case against the Use of the Sum of Compensating Variations in Cost-Benefit Analysis," Canadian Journal of Economics, Canadian Economics Association, vol. 23(3), pages 471-94, August. [Downloadable!] (restricted)
  12. Marc Fleurbaey & Philippe Mongin, 2004. "The News of the Death of Welfare Economics is Greatly Exaggerated," Working Papers hal-00242931_v1, HAL. [Downloadable!]
  13. M. Fleurbaey & F. Maniquet, 2008. "Fair social orderings," Economic Theory, Springer, vol. 34(1), pages 25-45, January. [Downloadable!] (restricted)
  14. Thomson, William, 1988. "A study of choice correspondences in economies with a variable number of agents," Journal of Economic Theory, Elsevier, vol. 46(2), pages 237-254, December. [Downloadable!] (restricted)
  15. Maniquet, Francois & Sprumont, Yves, 2005. "Welfare egalitarianism in non-rival environments," Journal of Economic Theory, Elsevier, vol. 120(2), pages 155-174, February. [Downloadable!] (restricted)
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  16. Fleurbaey,M., 2001. "The Pazner-Schmeidler social ordering : a defense," Working papers 328, University of Bielefeld, Insitute of Mathematical Economics. [Downloadable!]
  17. François Maniquet & Yves Sprumont, 2004. "Fair Production and Allocation of an Excludable Nonrival Good," Econometrica, Econometric Society, vol. 72(2), pages 627-640, 03. [Downloadable!] (restricted)
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  18. Amartya Sen, 1999. "The Possibility of Social Choice," American Economic Review, American Economic Association, vol. 89(3), pages 349-378, June. [Downloadable!] (restricted)
  19. Tadenuma, Koichi, 2002. "Efficiency First or Equity First? Two Principles and Rationality of Social Choice," Journal of Economic Theory, Elsevier, vol. 104(2), pages 462-472, June. [Downloadable!] (restricted)
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