Equal Treatment of Equals in Classical Quasilinear Exchange Economies

Mridu Prabal Goswami ()
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Mridu Prabal Goswami: BGU

No 1403, Working Papers from Ben-Gurion University of the Negev, Department of Economics

Abstract: This paper shows that there does not exist a social choice function that satisfies strategy-proofness, Pareto-efficiency and equal treatment of equals simultaneously, in classical exchange economies. This result establishes the incompatibility of fairness and efficiency in strategy-proof social choice functions as found in Cho and Thomson (2013), which reaches the same conclusion for exchange economies with linear preferences.

Pages: 10 pages
Date: 2014
New Economics Papers: this item is included in nep-mic
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