The Pareto Principle of Optimal Inequality

The Pareto principle is often viewed as a mild requirement compatible with a variety of value judgements. In particular, it is generally thought that it can accommodate different degress of inequality aversion. We show that this is generally not true in time consistent intertemporal models where some uncertainty prevails.

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Year of publication:	2009-12
Authors:	Bommier, Antoine ; Zuber, Stéphane
Institutions:	Toulouse School of Economics (TSE)
Subject:	inequality aversion \| Pareto principle \| uncertainty

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Extent:	application/pdf
Series:	TSE Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series TSE Working Paper Number 09-132
Classification:	D6 - Welfare Economics ; D7 - Analysis of Collective Decision-Making ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008465325