On the impossibility of an envy-free Paretian liberal |
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Authors: | Ruvin Gekker |
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Affiliation: | (1) Present address: Department of Economics, York University, 4700 Keele Street, M3J 1P3 North York, Ontario, Canada |
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Abstract: | This paper examines a close parallel between the theory of fairness and Harel and Nitzan's original definition of non-exchangeable rights system. Several independent definitions of fair rights assignment are proposed, and some new impossibility as well as possibility results are established.For helpful discussions I would like to thank Rajat Deb, Shlomo Weber and Hans Wiesmeth. I am also indebted to two anonymous referees of thisJournal for their valuable comments. |
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