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Resource egalitarianism with a dash of efficiency

  • Sprumont, Yves

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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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
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622869

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