A Characterization of Egalitarian Equivalence.

B-Tier
Journal: Economic Theory
Year: 1993
Volume: 3
Issue: 3
Pages: 465-79

Authors (2)

Dutta, Bhaskar (not in RePEc) Vohra, Rajiv (Brown University)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

Consider a solution (an allocation rule) for an economy which satisfies the following criteria: (1) Pareto efficiency, (2) monotonicity, in the sense that if the set of attainable allocations of the economy becomes larger then the solution makes no consumer worse-off, (3) a weak and primitive notion of fairness with respect to some commodity, say commodity h, in the sense that in an exchange economy in which the aggregate endowment consists only of commodity h, the solution is equal division. We show that in the class of economies which includes non-convex technologies the only such solution is egalitarian equivalence with respect to commodity h. It is also shown that this characterization of egalitarian equivalence holds in convex exchange economies if we add a weak version of a positive association requirement.

Technical Details

RePEc Handle
repec:spr:joecth:v:3:y:1993:i:3:p:465-79
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25