Welfarism in specific economic domain
- Ginés Vilar, Miguel
- Marhuenda Hurtado, Francisco
Aldizkaria:
Working papers = Documentos de trabajo: Serie AD
Argitalpen urtea: 1998
Zenbakia: 6
Mota: Laneko dokumentua
Laburpena
In economies with public goods, and agents with quasi-linear preferences, we give a characterization of the welfare egalitarian correspondence in terms of three axioms: Pareto optimality, symmetry and solidarity. This last property requires that an improvement in the ability to exploit the public goods of some of the agents not decrease the welfare of any of them.