Egalitarianism with a dash of fair efficiency
Martin Linden ()
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Martin Linden: Utah State University
Economic Theory Bulletin, 2018, vol. 6, issue 2, 219-238
Abstract We study the construction of Paretian egalitarian social ordering functions in a distribution model with multiple goods and heterogeneous preferences. Given the impossibility to combine equality of resources with efficiency (Fleurbaey and Trannoy, Soc Choice Welf 21:243–263, 2003), we define weaker axioms of equality and efficiency relying on the mean bundle in the allocation. We identify a leximin social ordering function that satisfy these weaker axioms by relying on welfare measures representing the fraction of the mean bundle that would leave an agent indifferent with her bundle.
Keywords: Fairness; Social orderings; Equality; Efficiency (search for similar items in EconPapers)
JEL-codes: D63 D71 (search for similar items in EconPapers)
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