ON THE AXIOMATICS OF RESOURCE ALLOCATION: INTERPRETING THE CONSISTENCY PRINCIPLE
Economics and Philosophy, 2012, vol. 28, issue 3, 385-421
An allocation rule is â€˜consistentâ€™ if the recommendation it makes for each problem â€˜agreesâ€™ with the recommendation it makes for each associated reduced problem, obtained by imagining some agents leaving with their assignments. Some authors have described the consistency principle as a â€˜fairness principleâ€™. Others have written that it is not about fairness, that it should be seen as an â€˜operational principleâ€™. We dispute the particular fairness interpretations that have been offered for consistency, but develop a different and important fairness foundation for the principle, arguing that it can be seen as the result of adding â€˜someâ€™ efficiency to a â€˜post-applicationâ€™ and efficiency-free expression of solidarity in response to population changes. We also challenge the interpretations of consistency as an operational principle that have been given, and here identify a sense in which such an interpretation can be supported. We review and assess the other interpretations of the principle, as â€˜robustnessâ€™, â€˜coherenceâ€™ and â€˜reinforcementâ€™.
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Working Paper: On the axiomatics of resource allocation: Interpreting the consistency principle (2012)
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