A study of proportionality and robustness in economies with a commonly owned technology

Studying one-input one-output economies, we say that an allocation is proportional if the input-output ratio is identical among agents and if each agent maximizes her welfare given this ratio. We propose three equity axioms based on this definition, and we use them to compare the main solutions to this simple equity problem. We also combine efficiency, robustness axioms and our proportionality axioms to characterize two solutions.

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Year of publication:	2002-09-05
Authors:	Maniquet, François
Published in:	Review of Economic Design. - Springer. - Vol. 7.2002, 1, p. 1-15
Publisher:	Springer
Subject:	Proportional allocation \| monotonicity \| consistency

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Extent:	application/pdf
Type of publication:	Article
Notes:	Received: 11 June 1997 / Accepted: 26 May 2000
Classification:	C72 - Noncooperative Games ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D71 - Social Choice; Clubs; Committees; Associations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005753065