EXISTENCE OF FAIR ALLOCATIONS IN ECONOMIES WITH PRODUCTION

• 成果类型: Article
• 署名作者: PIKETTY, T
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/0047-2727(93)01406-Z
• 发表日期: 1994
• 页码: 391-405
• 关键词: inequality; EQUAL LIBERTY; JUSTICE

摘要

This paper deals with the problem of compatibility between Pareto-optimality and equal-liberty (alias envy-freeness) in economies with production, seemingly closed after Pazner and Schmeidler's counter-examples. A simple Spence-Mirrlees-like condition (demanding that the less productive jobs are also marginally the harder in terms of well-being) is proposed, under which it is proved that allocations satisfying Pareto-optimality and equal-liberty always exist. This allows us to define a well-alive class of economies where the idea of 'maximal equal-liberty does not lead to a paradox.