Inequity-averse preferences in general equilibrium

被引：1

作者：

Velez, Rodrigo A. ^{[1
]}

机构：

[1] Texas A&M Univ, Dept Econ, College Stn, TX 77843 USA

来源：

JOURNAL OF MATHEMATICAL ECONOMICS | 2017年 / 70卷

关键词：

Inequity aversion; General equilibrium; FAIRNESS;

D O I：

10.1016/j.jmateco.2017.02.009

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study the stability with respect to the introduction of opportunity-based inequity aversion a la Dufwenberg et al. (2011) of three welfare properties satisfied by competitive equilibria in self-regarding economies: (i) Pareto efficiency may not be a stable property; (ii) undomination with respect to income redistribution is a stable property whenever the marginal indirect utility of income has no extreme variations; and (iii) generically (endowment-wise) market-constrained efficiency is a stable property. (C) 2017 Elsevier B.V. All rights reserved.

引用

页码：166 / 175

页数：10

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