Capabilities and utilities
In this paper we address the problem of looking for resource allocation mechanisms which would be accepted as equitable from Sen's point of view, in a framework of economic environments. We simplify the idea of equalizing capabilities by means of the equalization of a capability index. Then, we analyze the relationship between capability and utility, and provide characterization results on mechanisms giving us allocations which are capability lexmin suprema.
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Volume (Year): 2 (1996)
Issue (Month): 1 (December)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Axiomatic Theory of Bargaining with a Variable Number of Agents,"
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"Redistribution Mechanisms Based on Individual Characteristics,"
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- Kalai, Ehud & Smorodinsky, Meir, 1975. "Other Solutions to Nash's Bargaining Problem," Econometrica, Econometric Society, vol. 43(3), pages 513-518, May.
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