Welfare egalitarianism in non-rival environments.

We study equity in economies where a set of agents commonly own a technology producing a non-rival good from their private contributions. A social ordering function associates to each economy a complete ranking of the allocations. We build social ordering functions satisfying the properties that ind...

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Detalles Bibliográficos
Publicado en:Journal of Economic Theory Vol. 120; no. 2; pp. 155 - 175
Autores principales: Maniquet, François, Sprumont, Yves
Formato: Artículo
Publicado: Academic Press Inc. February 2005
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Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:We study equity in economies where a set of agents commonly own a technology producing a non-rival good from their private contributions. A social ordering function associates to each economy a complete ranking of the allocations. We build social ordering functions satisfying the properties that individual welfare levels below the stand-alone lower bound (respectively, above the unanimity upper bound) should be increased (respectively, reduced). Combining either property with efficiency and robustness properties with respect to changes in the set of agents, we obtain a kind of welfare egalitarianism based on a constructed numerical representation of individual preferences. Copyright (c) 2004 Elsevier (USA)