On Equity and Utility

Peter van WIJCK
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Peter van WIJCK: Leiden University

Rationality and Society, 1993, vol. 5, issue 1, 68-84

Abstract: In different disciplines, different answers tend to be given to the question of which distribution of income is considered desirable by an individual. Studies dealing with this question are generally of a monodisciplinary nature. This article, on the other hand, is intended to be a contribution to an interdisciplinary approach to this question. First, the answers given by social psychologists and sociologists, on the one hand, and by economists, on the other, are presented. Subsequently, the relation between equitable and preferable distributions is investigated. Finally, the article deals with the conditions under which utility maximization yields the choice of an equitable distribution.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ratsoc:v:5:y:1993:i:1:p:68-84

DOI: 10.1177/1043463193005001007

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