A study of proportionality and robustness in economies with a commonly owned technology

Francois Maniquet

Review of Economic Design, 2002, vol. 7, issue 1, 15 pages

Abstract: Studying one-input one-output economies, we say that an allocation is proportional if the input-output ratio is identical among agents and if each agent maximizes her welfare given this ratio. We propose three equity axioms based on this definition, and we use them to compare the main solutions to this simple equity problem. We also combine efficiency, robustness axioms and our proportionality axioms to characterize two solutions.

Keywords: Proportional allocation; monotonicity; consistency (search for similar items in EconPapers)
JEL-codes: C72 D63 D71 (search for similar items in EconPapers)
Date: 2002-09-05
Note: Received: 11 June 1997 / Accepted: 26 May 2000
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