Showing 1 - 10 of 16
Persistent link: https://www.econbiz.de/10012154206
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
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
The paper addresses intergenerational and intragenerational equity in an overlapping generation economy. We aim at defining an egalitarian distribution of a constant stream of resources, when preferences are ordinal and non-comparable. We establish the impossibility of efficiently distributing...
Persistent link: https://www.econbiz.de/10010662659
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/10010398486
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/10013208561
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/10011599527
group of agents. Fairness requires that each agent weakly prefers his consumption bundle to any other agent’s bundle. Under … fairness, efficiency is equivalent to budget-balance (all the available money is allocated among the agents). Budget …-balance and fairness in general are incompatible with non-manipulability (Green and Laffont, 1979). We propose a new notion of the …
Persistent link: https://www.econbiz.de/10010933673
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/10010934645
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/10008776032