Impartiality and Priority. Part 2: A Characterization with Solidarity
The ethic of 'priority' is a compromise between the extremely compensatory ethic of 'welfare equality' and the needs-blind ethic of ‘income equality’. We propose an axiom of priority, and characterize resource allocation rules that are impartial, prioritarian, and solidaristic. They comprise a class of rules which equalize across individuals some index of resources and welfare. Consequently, we provide an ethical rationalization for the many applications in which such indices have been used (e.g., the 'human development index,' 'index of primary goods,' etc.).
|Date of creation:||Aug 2004|
|Date of revision:||May 2005|
|Publication status:||Published in Econometrica (2006), 27(5): 311-325|
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- Juan Moreno-Ternero & John E. Roemer, 2004. "Impartiality and Priority. Part 1: The Veil of Ignorance," Cowles Foundation Discussion Papers 1477A, Cowles Foundation for Research in Economics, Yale University, revised May 2005.
- EHLERS, Lars & KLAUS, Bettina, 2003.
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Cahiers de recherche
2003-14, Universite de Montreal, Departement de sciences economiques.
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- Lars Ehlers & Bettina Klaus, 2003. "Resource-Monotonicity for House Allocation Problems," UFAE and IAE Working Papers 566.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
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- Keiding, Hans & Moulin, Herve, 1991. "The solidarity axiom in parametric surplus-sharing problems," Journal of Mathematical Economics, Elsevier, vol. 20(3), pages 249-270.
- Youngsub Chun, 1999. "Equivalence of axioms for bankruptcy problems," International Journal of Game Theory, Springer, vol. 28(4), pages 511-520.
- Moulin, Herve, 1987. "The Pure Compensation Problem: Egalitarianism versus Laissez-Fairism," The Quarterly Journal of Economics, MIT Press, vol. 102(4), pages 769-83, November.
- Youngsub Chun, 1999. "Equivalence of Axioms for Bankruptcy Problems," Working Paper Series no1, Institute of Economic Research, Seoul National University.
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