A characterization of egalitarian equivalence (Q1341445)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A characterization of egalitarian equivalence |
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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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