Axiomatizations of convex compromise rules for redistribution of non-negative income

Zhengxing Zou and Zhibin Tan

Economics Letters, 2023, vol. 229, issue C

Abstract: We adopt an axiomatic approach to explore the redistribution rules for income redistribution problems. We formalize two axioms concerning how changes in the income of one or a pair of individuals affect others’ rewards. Together with the standard axioms of efficiency, order preservation, and non-negativity, our resulting axioms of equal benefits from additional income and pairwise reallocation invariance characterize the family of convex compromise rules. We show that the family can also be characterized by efficiency, equal benefits from additional income, nullity, and monotonicity. Strengthening equal benefits from additional income to differential invariance leads to alternative axiomatizations, where pairwise reallocation invariance is superfluous in the former.

Keywords: Fair division; Redistribution; Proportional taxation; Equal sharing; Monotonicity (search for similar items in EconPapers)
JEL-codes: D63 H20 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176523002537
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:229:y:2023:i:c:s0165176523002537

DOI: 10.1016/j.econlet.2023.111228

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().