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Efficiency, egalitarianism, stability and social welfare in infinite dimensional economies

Listed author(s):
  • Elvio Accinelli-Gamba

    ()

    (Facultad de Economía, UASLP and DECON Facultad de Ciencias Sociales de la Universidad de la República. San Luis Potosí. México.)

  • Leobardo Plata-Pérez

    ()

    (Facultad de Economía, UASLP. San Luis Potosí. México.)

  • Joss Sánchez-Pérez

    ()

    (Facultad de Economía, UASLP. San Luis Potosí. México.)

In the framework of general equilibrium theory, this paper considers the existing relationship between the concepts of egalitarianism, efficiency and fairness, in a pure exchange economy with infinitely many goods. We consider the possibility of achieving an efficient egalitarian allocation in a decentralized way. Finally we introduce an index to measure the degree of inequality in a given economy.

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File URL: http://www.economia.uanl.mx/revistaensayos/xxxiii/1/Efficiency_egalitarianism_stability_and_social_welfare_in_infinite_dimensional_economies.pdf
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Article provided by Universidad Autonoma de Nuevo Leon, Facultad de Economia in its journal Ensayos Revista de Economia.

Volume (Year): XXXIII (2014)
Issue (Month): 1 (May)
Pages: 1-26

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Handle: RePEc:ere:journl:v:xxxiii:y:2014:i:1:p:1-26
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  1. Kalai, Ehud, 1977. "Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons," Econometrica, Econometric Society, vol. 45(7), pages 1623-1630, October.
  2. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
  3. repec:adr:anecst:y:1997:i:48 is not listed on IDEAS
  4. Sen, Amartya K, 1977. "On Weights and Measures: Informational Constraints in Social Welfare Analysis," Econometrica, Econometric Society, vol. 45(7), pages 1539-1572, October.
  5. A. S. Pinto Barbosa & Boyan Jovanovic & Mark M. Spiegel, 1997. "Inequality and Stability," Annals of Economics and Statistics, GENES, issue 48, pages 15-40.
  6. Roth, Alvin E, 1979. "Proportional Solutions to the Bargaining Problem," Econometrica, Econometric Society, vol. 47(3), pages 775-777, May.
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