The Pazner-Schmeidler Social Ordering: A Defense
It is shown that the Pazner-Schmeidler social ordering appears as a very natural solution to the problem of defining social preferences over distributions of a fixed bundle of divisible goods. The paper follows an approach to preference aggregation which relies only on interpersonally non-comparable preferences, and circumvents Arrow's impossibility by taking account of the shape of indifference curves. Social preferences can then be constructed and justified with fairness principles.
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- Pazner, Elisha A & Schmeidler, David, 1978.
"Egalitarian Equivalent Allocations: A New Concept of Economic Equity,"
The Quarterly Journal of Economics,
MIT Press, vol. 92(4), pages 671-87, November.
- Elisha A. Pazner & David Schmeidler, 1975. "Egalitarian Equivalent Allocations: A New Concept of Economic Equity," Discussion Papers 174, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Sprumont, Yves & Zhou, Lin, 1999. "Pazner-Schmeidler rules in large societies," Journal of Mathematical Economics, Elsevier, vol. 31(3), pages 321-339, April.
- M. Fleurbaey & F. Maniquet, 2008.
"Fair social orderings,"
Springer, vol. 34(1), pages 25-45, January.
- M. Fleurbaey & A. Trannoy, 2000.
"The Impossibility of a Paretian Egalitarian,"
THEMA Working Papers
2000-26, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Hammond, Peter J, 1976. "Equity, Arrow's Conditions, and Rawls' Difference Principle," Econometrica, Econometric Society, vol. 44(4), pages 793-804, July.
- Tungodden, Bertil, 2000.
"Egalitarianism: Is Leximin the Only Option?,"
Economics and Philosophy,
Cambridge University Press, vol. 16(02), pages 229-245, October.
- Thomson, William, 1988. "A study of choice correspondences in economies with a variable number of agents," Journal of Economic Theory, Elsevier, vol. 46(2), pages 237-254, December.
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