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A Proposal to Unify Some Concepts in the Theory of Fairness

  • Corchon, Luis C.
  • Iturbe-Ormaetxe, Inigo

So far, the Theory of Distributive Justice has tried to single out a unique criterion of Justice. In our opinion, we live in a world in which different people hold conflicting ideas about justice. We propose a procedure for representing these individual opinions, by means of what we call ``aspiration functions'', and we present in this paper three different ways of aggregating such opposing opinions into a socially acceptable judgement. Furthermore, we show that many well-known concepts are special cases of our approach. We study, under a restriction on the form of the aspiration functions, the conditions that are necessary and sufficient for a social choice correspondence to be generated from any of our concepts.

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

Volume (Year): 101 (2001)
Issue (Month): 2 (December)
Pages: 540-571

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Handle: RePEc:eee:jetheo:v:101:y:2001:i:2:p:540-571
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622869

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  1. Damme, Eric van, 1986. "The Nash bargaining solution is optimal," Journal of Economic Theory, Elsevier, vol. 38(1), pages 78-100, February.
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