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Axiom Content: Punctual Requirements on Welfare Distribution

In: The Axiomatics of Economic Design, Vol. 1

Author

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  • William Thomson

    (University of Rochester)

Abstract

We’ll begin with a variety of bounds on people’s assignments or welfare. Some will be lower bounds; others upper bounds. Some will be based on comparisons to equal division; others on references to counterfactual economies in which everyone has the same preferences or that have a hypothetical technology. Next will be concepts based on interpersonal comparisons of assignments. Starting with order preservation ideas, we’ll move to the concepts of no-envy and egalitarian-equivalence, together with variants of these fundamental notions.

Suggested Citation

  • William Thomson, 2023. "Axiom Content: Punctual Requirements on Welfare Distribution," Studies in Choice and Welfare, in: The Axiomatics of Economic Design, Vol. 1, chapter 0, pages 107-141, Springer.
    • Handle: RePEc:spr:stcchp:978-3-031-29398-6_6
    DOI: 10.1007/978-3-031-29398-6_6
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