A characterization of egalitarian equivalence (Q1341445)
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scientific article; zbMATH DE number 707312
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| English | A characterization of egalitarian equivalence |
scientific article; zbMATH DE number 707312 |
Statements
A characterization of egalitarian equivalence (English)
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5 January 1995
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This paper axiomatizes a solution concept for exchange economies. Suppose that a solution concept for such an economy must satisfy Pareto optimality, monotonicity, and must divide a certain commodity \(h\) equally. Then the only such solution is egalitarian equivalence with respect to the commodity \(h\).
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axiomatization
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solution concept
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exchange economies
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egalitarian equivalence
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0.8043611645698547
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0.8028383851051331
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0.7978761196136475
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0.7975903153419495
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0.7969958782196045
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