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| Tekijä: | Ginés, M. Marhuenda, F. |
| Otsikko: | Welfarism in economic domains |
| Lehti: | Journal of Economic Theory
2000 : AUG, VOL. 93:2, p. 191-204 |
| Asiasana: | Public goods Welfare economics Theories Mathematical models Consumer goods |
| Kieli: | eng |
| Tiivistelmä: | The welfarist approach to Social Choice Theory proposes allocating resources in such a way that all the information not contained in the utility possibility set is ignored. This approach is exemplified in Bargaining Theory which studies utility allocation mechanisms defined on an abstract setting in which all the relevant information about the agents is summarized in the utility possibility set and a threat point. The present paper is an attempt to reconcile some of the principles contained in Bargaining Theory with the work of J. Roemer by showing that E. Kalai's characterization of the egalitarian solution can be transplanted from the classical Bargaining Theory into some economically meaningful environments. |
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