Abstract
In a model of private good allocation, we construct social orderings which depend only on ordinal non-comparable information about individual preferences. In order to avoid Arrovian-type impossibilities, we let those social preferences take account of the shape of individual indifference curves. This allows us to introduce equity and cross-economy robustness properties, inspired by the theory of fair allocation. Combining such properties, we characterize two families of fair social orderings.
Original language | English (US) |
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Pages (from-to) | 25-45 |
Number of pages | 21 |
Journal | Economic Theory |
Volume | 34 |
Issue number | 1 |
DOIs | |
State | Published - Jan 2008 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
Keywords
- Fairness
- Social orderings