Criteria for distributive equity: characterization in terms of share value.
The writer considers the conditions under which three equity criteria—egalitarian equivalence, guarantee of equal split, and freedom from envy—satisfy the requirements of resource monotonicity and population solidarity. These conditions are provided in a uniform manner following definition of the e...
| Publicado en: | Journal of Economic Theory Vol. 71; pp. 532 - 558 |
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| Autor principal: | |
| Formato: | Artículo |
| Publicado: |
Academic Press Inc.
November 1996
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | The writer considers the conditions under which three equity criteria—egalitarian equivalence, guarantee of equal split, and freedom from envy—satisfy the requirements of resource monotonicity and population solidarity. These conditions are provided in a uniform manner following definition of the equity criteria in terms of share value. In conclusion, the argument is extended to a general case in which production possibilities are allowed to be privately owned, and the definition of share value is expanded. |
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