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and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual … claims. We focus on market-based allocation rules that impose a two-step procedure: assignment of rights based on claims …
Persistent link: https://www.econbiz.de/10011538925
and claims over multiple goods, and the social endowment of each good may not be sufficient to satisfy all individual … claims. We focus on market-based allocation rules that impose a two-step procedure: assignment of rights based on claims …
Persistent link: https://www.econbiz.de/10011788896
This paper provides a conceptual framework on fair collective choice rules that synthesizes the studies of Goldman and Sussangkarn (1978) and Suzumura (1981) on the one hand and Tadenuma (2002, 2005) on the other. We show that both frameworks have the following binary relation as a common...
Persistent link: https://www.econbiz.de/10010290399
This paper provides a conceptual framework on fair collective choice rules that synthesizes the studies of Goldman and Sussangkarn (1978) and Suzumura (1981) on the one hand and Tadenuma (2002, 2005) on the other. We show that both frameworks have the following binary relation as a common...
Persistent link: https://www.econbiz.de/10005688265
with single-peaked preferences. We provide a new concept of fairness, called position-wise envy-freeness, that is …
Persistent link: https://www.econbiz.de/10011317289
A bargaining solution balances fairness and efficiency if each player's payoff lies between the minimum and maximum of …, which I generalize. For n>=3, there does not exist any n-person scale-invariant bargaining solution that balances fairness … and efficiency. …
Persistent link: https://www.econbiz.de/10009324194
Persistent link: https://www.econbiz.de/10008631411
and heterogeneous preferences. Given the impossibility to combine equality of resources with efficiency (Fleurbaey and … Trannoy, 2003), we define weaker axioms of equality and efficiency relying on the mean bundle in the allocation. We identify a …
Persistent link: https://www.econbiz.de/10012941426
with single-peaked preferences. We provide a new concept of fairness, called position-wise envy-freeness, that is …
Persistent link: https://www.econbiz.de/10011421471
I study the egalitarian way of distributing resources across generations. Distributional equity deeply conflicts with the Pareto principle: efficient allocations cannot guarantee that i) each generation be assigned a consumption bundle that is at least as large as an arbitrarily small fraction...
Persistent link: https://www.econbiz.de/10010242092