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The lexicographic egalitarian solution on economic environments
Social Choice and Welfare
Vol. 9, No. 3 (1992), pp. 203-212
Published by: Springer
Stable URL: http://www.jstor.org/stable/41106024
Page Count: 10
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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.
Social Choice and Welfare © 1992 Springer