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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
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
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
considerations to explain the development or sustainability of these transfers. Such is the implicit ambition of efficiency theories … explained by pure efficiency motives, but less than what would be predicted under the extended insurance hypothesis. One … theories, such as inequality-averse social welfare functions or fairness criteria. It is shown how both approaches can be …
Persistent link: https://www.econbiz.de/10014023654
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
We present a three-player game in which a proposer makes a suggestion on how to split $10 with a passive responder. The offer is accepted or rejected depending on the strategy pro le of a neutral third-party whose payoffs are independent from his decisions. If the offer is accepted the split...
Persistent link: https://www.econbiz.de/10010413243
group of agents. Fairness requires that each agent weakly prefers his consumption bundle to any other agent's bundle. In … this context, fairness is incompatible with budget-balance and non-manipulability (Green and Laffont, 1979). Our approach …
Persistent link: https://www.econbiz.de/10011674186
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10012817856
We confront two common objections to Harsanyi's impartial observer theorem; one to do with 'fairness', and the other to …
Persistent link: https://www.econbiz.de/10001763119
randomisation to achieve fairness. The central solutions are random priority and the serial rule. A key property of the serial rule … is that it is envy-free. I propose a new fairness concept called the egalitarian criterion that is an application of the … Rawlsian maximin principle. When combined with efficiency, it is incompatible with envy-freeness for groups of four or more. I …
Persistent link: https://www.econbiz.de/10014078118