No-Envy, Efficiency, and Collective Rationality
We consider the problem of a fair collective choice function (fair CCF) which maps each profile of extended preference orderings into the set of fair social states (the set consists of alternatives which are both Pareto efficient and envy-free) when such a set exists. Our main objective is to examine compatibility of fair social choices with collective rationality. We formulate desirable properties of collective rationality, and look for CCFs satisfying them. Next, we show that there is no CCF that satisfies most of the choice-consistency properties and a simple concept of fairness simultaneously. Moreover, we reveal that there exists no collective choice function that selects efficient and envy-free states cannot be rationalized by a social preference relation.
|Date of creation:||Aug 2011|
|Note:||This Version: August, 2011|
|Contact details of provider:|| Phone: +81-42-580-8000|
Web page: http://www.econ.hit-u.ac.jp/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Diamantaras, Dimitrios & Thomson, William, 1990.
"A refinement and extension of the no-envy concept,"
Elsevier, vol. 33(3), pages 217-222, July.
- Marc Fleurbaey & Alain Trannoy, 2003. "The impossibility of a Paretian egalitarian," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 21(2), pages 243-263, October.
- Tadenuma, Koichi, 2002.
"Efficiency First or Equity First? Two Principles and Rationality of Social Choice,"
Journal of Economic Theory,
Elsevier, vol. 104(2), pages 462-472, June.
- Tadenuma, Koichi, 1998. "Efficiency First or Equity First?: Two Principles and Rationality of Social Choice," Discussion Papers 1998-01, Graduate School of Economics, Hitotsubashi University.
- Goldman, Steven M. & Sussangkarn, Chal, 1978. "On the concept of fairness," Journal of Economic Theory, Elsevier, vol. 19(1), pages 210-216, October.
When requesting a correction, please mention this item's handle: RePEc:hit:econdp:2011-08. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Digital Resources Section, Hitotsubashi University Library)
If references are entirely missing, you can add them using this form.