Efficiency, egalitarianism, stability and social welfare in infinite dimensional economies.

In the framework of general equilibrium theory, this paper considers the existing relationship between the concepts of egalitarianism, efficiency and fairness, in a pure exchange economy with infinitely many goods. We consider the possibility of achieving an efficient egalitarian allocation in a decentralized way. Finally we introduce an index to measure the degree of inequality in a given economy.

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Year of publication:	2014
Authors:	Accinelli-Gamba, Elvio ; Plata-Pérez, Leobardo ; Sánchez-Pérez, Joss
Published in:	Ensayos Revista de Economia. - Facultad de Economía. - Vol. XXXIII.2014, 1, p. 1-26
Publisher:	Facultad de Economía
Subject:	Fairness \| efficiency \| economic welfare

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Extent:	application/pdf
Type of publication:	Article
Classification:	D4 - Market Structure and Pricing ; D6 - Welfare Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010764319