Fairness That Money Can Buy - Procedural Egalitarianism in Practice
We suggest that procedures of monetarized bidding can facilitate co-operation in Elinor Ostrom type common(s) projects without crowding out communitarian faculties of "self-governance". Axioms securing procedurally egalitarian bidding on the basis of declared monetary evaluations are introduced. They guarantee that all realized changes of a status quo are in an "objective" (pecuniary) sense equally advantageous for all members of the community. Some empirical evidence that procedurally fair bidding can promote communitarian co-operation rather than crowding it out, is presented. The practical scope and limits of procedural egalitarianism need further empirical exploration, though.
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- Kliemt, Hartmut, 1994. " The Calculus of Consent after Thirty Years," Public Choice, Springer, vol. 79(3-4), pages 341-53, June.
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