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A study of proportionality and robustness in economies with a commonly owned technology

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Maniquet, François [UCL]

Studying one-input one-output economies, we say that an allocation is proportional if the input-output ratio is identical among agents and if each agent maximizes her welfare given this ratio. We propose three equity axioms based on this definition, and we use them to compare the main solutions to this simple equity problem. We also combine efficiency, robustness axioms and our proportionality axioms to characterize two solutions.

Document type Article de périodique (Journal article)
Publication date 2002
Language Anglais
Journal information "Review of Economic Design" - Vol. 7, no. 1, p. 1-15 (Juin 2002)
Peer reviewed yes
Publisher Springer (Heidelberg, Germany)
issn 1434-4742
e-issn 1434-4750
Publication status Publié
Affiliation UCL - EUEN/CORE - Center for operations research and econometrics
Keywords Proportional allocation ; Monotonicity ; Consistency
Links
Bibliographic reference Maniquet, François. A study of proportionality and robustness in economies with a commonly owned technology. In: Review of Economic Design, Vol. 7, no. 1, p. 1-15 (Juin 2002)
Permanent URL http://hdl.handle.net/2078.1/23407