The lexicographic egalitarian solution on economic environments

✍ Scribed by Jorge Nieto

• Publisher: Springer
• Year: 1992
• Tongue: English
• Weight: 532 KB
• Volume: 9
• Category: Article
• ISSN: 0176-1714
• DOI: 10.1007/bf00192878

✦ Synopsis

This paper considers solutions to distribution problems defined on economic environments. It shows that there is a unique resource-egalitarian and symmetric solution that proposes always Pareto optimal allocations and satisfies Inidivual Restricted Monotonicity; this property requires the poor people of the society to be strictly better-off when social resources increase and the initial outcome is a welfare unequal position. That unique solution is the lexicographic extension of the maxmin criterion.