Egalitarian Equivalent Allocations: a New Concept of Economic Equity

  • Pazner E
  • Schmeidler D
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Abstract

Discusses the concept of Pareto-efficient-egalitarian-=-allocations (PEEEEA) for the study of economic equity. Introduction to normative economics; Maximin properties of PEEEA; PEEEA in economies with production.

Author-supplied keywords

  • EQUILIBRIUM (Economics)

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Authors

  • Elisha A Pazner

  • David Schmeidler

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