Can everyone benefit from growth ? Two difficulties (Q1116868)

From MaRDI portal
Revision as of 13:18, 19 June 2024 by ReferenceBot (talk | contribs) (‎Changed an Item)
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
    0 references
    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

    Identifiers