Fair social orderings
In a model of private good allocation, we construct social orderings which depend only on ordinal non-comparable information about individual preferences. In order to avoid Arrovian-type impossibilities, we let those social preferences take account of the shape of individual indifference curves. This allows us to introduce equity and cross-economy robustness properties, inspired by the theory of fair allocation. Combining such properties, we characterize two families of fair social orderings.
(This abstract was borrowed from another version of this item.)
|Date of creation:||01 Jan 2009|
|Note:||In : Economic Theory, 34, 25-45, 2008|
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