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Egalitarian Equivalent Allocations: A New Concept of Economic Equity

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  • Elisha A. Pazner
  • David Schmeidler

Abstract

Foreword, 671. — I. Introduction, 671. — II. The concept of Pareto-efficient-egalitarian-equivalent-allocations (PEEEA), 674. — III. PEEEA as a fair arbitration scheme for allocations, 676. — IV. Maximin properties of PEEEA, 678. — V. PEEEA in economies with production, 680. — Mathematical appendices, 682.
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Suggested Citation

  • 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.
    • Handle: RePEc:nwu:cmsems:174
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    References listed on IDEAS

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    1. Kalai, Ehud & Smorodinsky, Meir, 1975. "Other Solutions to Nash's Bargaining Problem," Econometrica, Econometric Society, vol. 43(3), pages 513-518, May.
    2. T. de Scitovszky, 1941. "A Note on Welfare Propositions in Economics," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 9(1), pages 77-88.
    3. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
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    5. Varian, Hal R., 1974. "Equity, envy, and efficiency," Journal of Economic Theory, Elsevier, vol. 9(1), pages 63-91, September.
    6. Paul A. Samuelson, 1950. "Evaluation Of Real National Income," Oxford Economic Papers, Oxford University Press, vol. 2(1), pages 1-29.
    7. Elisha A. Pazner & David Schmeidler, 1974. "A Difficulty in the Concept of Fairness," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(3), pages 441-443.
    8. Pazner, Elisha A. & Schmeidler, David, 1976. "Social contract theory and ordinal distributive equity," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 261-268.
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