Can everyone benefit from growth ? Two difficulties (Q1116868)
From MaRDI portal
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Can everyone benefit from growth ? Two difficulties |
scientific article |
Statements
Can everyone benefit from growth ? Two difficulties (English)
0 references
1988
0 references
We consider the problem of fair division in economies where the amount to be divided may vary. We show that there is no solution to this problem jointly satisfying the following requirements: (i) Pareto-optimality; (ii) resource monotonicity: an increase in the aggregate endowment should benefit all agents; (iii) individual rationality from equal division: all agents should be better off than at equal division. The first two requirements are also incompatible with (iv) no agent should consume more of every good than any other agent.
0 references
fair division
0 references
Pareto-optimality
0 references
resource monotonicity
0 references
individual rationality
0 references