Egalitarian Equivalent Allocations: A New Concept of Economic Equity

Elisha A. Pazner and David Schmeidler

The Quarterly Journal of Economics, 1978, vol. 92, issue 4, 671-687

Abstract: Foreword, 671. — I. Introduction, 671. — II. The concept of Pareto-efficient-egalitarian-equivalent-allocations (PEEEA), 674. — III. PEEEA as a fair arbitration scheme for allocations, 676. — IV. Maximin properties of PEEEA, 678. — V. PEEEA in economies with production, 680. — Mathematical appendices, 682.

Date: 1978
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