A Strong Incompatibility Between Efficiency and Equity in Non-Convex Economics
AbstractIn allocation problems of perfectly divisible goods, we study the equity property of 'no-domination', according to which no agent can receive strictly more of all goods than any other agent. We prove that no-domination is incompatible with Pareto efficiency, as soon as preferences are allowed to be non-convex.
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Bibliographic InfoPaper provided by University of Rochester - Center for Economic Research (RCER) in its series RCER Working Papers with number 426.
Length: 9 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Postal: University of Rochester, Center for Economic Research, Department of Economics, Harkness 231 Rochester, New York 14627 U.S.A.
ALLOCATION ; EQUITY ; ECONOMIC MODELS;
Other versions of this item:
- 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.
- D60 - Microeconomics - - Welfare Economics - - - General
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
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