Abstract
In a model of private good allocation, we construct social orderings which depend only on ordinal non-comparable information about individual preferences. In order to avoid Arrovian-type impossibilities, we let those social preferences take account of the shape of individual indifference curves. This allows us to introduce equity and cross-economy robustness properties, inspired by the theory of fair allocation. Combining such properties, we characterize two families of fair social orderings.
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We thank E. Maskin, A. Sen, W. Thomson, B. Tungodden and an anonymous referee for comments, and seminar participants at the Indian Statistical Institute-Delhi, the Norwegian School of Economics (Bergen), the University of Caen, the University of Rochester, and the University of Cergy-Pontoise. Financial Support from European TMR Network Living Standards, Inequality and Taxation Contract ERBFMXCT 980248 is gratefully acknowledged.
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Fleurbaey, M., Maniquet, F. Fair social orderings. Economic Theory 34, 25–45 (2008). https://doi.org/10.1007/s00199-006-0132-4
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DOI: https://doi.org/10.1007/s00199-006-0132-4