Efficiency, egalitarianism, stability and social welfare in infinite dimensional economies

Elvio Accinelli, Leobardo Plata-Pérez () and Joss Sánchez-Pérez ()
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Leobardo Plata-Pérez: Facultad de Economía, UASLP. San Luis Potosí. México.
Joss Sánchez-Pérez: Facultad de Economía, UASLP. San Luis Potosí. México.
Authors registered in the RePEc Author Service: Leobardo Plata Pérez ()

Ensayos Revista de Economia, 2014, vol. XXXIII, issue 1, 1-26

Abstract: In the framework of general equilibrium theory, this paper considers the existing relationship between the concepts of egalitarianism, efficiency and fairness, in a pure exchange economy with infinitely many goods. We consider the possibility of achieving an efficient egalitarian allocation in a decentralized way. Finally we introduce an index to measure the degree of inequality in a given economy.

Keywords: Fairness; efficiency; economic welfare (search for similar items in EconPapers)
JEL-codes: D4 D6 (search for similar items in EconPapers)
Date: 2014
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