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Characterizing Welfare-egalitarian Mechanisms with Solidarity When Valuations are Private Information

  • Duygu Yengin

    ()

    (School of Economics, University of Adelaide)

In the problem of assigning indivisible goods and monetary transfers, we characterize welfare-egalitarian mechanisms (that are decision-efficient and incentive compatible) with an axiom of solidarity under preference changes and a fair ranking axiom of order preservation. This result is in line with characterizations of egalitarian rules with solidarity in other economic models. We also show that we can replace order-preservation with egalitarian-equivalence or no-envy (on the subadditive domain) and still characterize the welfare-egalitarian class. We show that, in the model we consider, the welfare-egalitarian mechanisms appear to be the best candidates to satisfy several different fairness and solidarity requirements as well as generating bounded deficits.

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File URL: http://www.economics.adelaide.edu.au/research/papers/doc/wp2011-20.pdf
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Paper provided by University of Adelaide, School of Economics in its series School of Economics Working Papers with number 2011-20.

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Length: 24 pages
Date of creation: Dec 2011
Date of revision:
Handle: RePEc:adl:wpaper:2011-20
Contact details of provider: Postal: Adelaide SA 5005
Phone: (618) 8303 5540
Web page: http://www.economics.adelaide.edu.au/

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  1. MORENO-TERNERO, Juan D. & ROEMER, John E., 2005. "Impartiality, priority, and solidarity in the theory of justice," CORE Discussion Papers 2005077, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Murat Atlamaz & Duygu Yengin, 2008. "Fair Groves mechanisms," Social Choice and Welfare, Springer, vol. 31(4), pages 573-587, December.
  3. Gines, M. & Marhuenda, F., 2000. "Welfarism in Economic Domains," Journal of Economic Theory, Elsevier, vol. 93(2), pages 191-204, August.
  4. Marc Fleurbaey & Francois Maniquet, 1999. "Cooperative production with unequal skills: The solidarity approach to compensation," Social Choice and Welfare, Springer, vol. 16(4), pages 569-583.
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