Inequity-averse preferences in general equilibrium

B-Tier
Journal: Journal of Mathematical Economics
Year: 2017
Volume: 70
Issue: C
Pages: 166-175

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study the stability with respect to the introduction of opportunity-based inequity aversion à la Dufwenberg et al. (2011) of three welfare properties satisfied by competitive equilibria in self-regarding economies: (i) Pareto efficiency may not be a stable property; (ii) undomination with respect to income redistribution is a stable property whenever the marginal indirect utility of income has no extreme variations; and (iii) generically (endowment-wise) market-constrained efficiency is a stable property.

Technical Details

RePEc Handle
repec:eee:mateco:v:70:y:2017:i:c:p:166-175
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29