On the Impossibility of an Envy-free Paretian Liberal

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.

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Bibliographic Details
Published in:Journal of economics (Vienna, Austria) Austria), 1991-01, Vol.53 (1), p.75-82
Main Author: Gekker, Ruvin
Format: Article
Language:English
Subjects:
Economic theory
Fairness
Liberalism
Liberals
Libertarianism
Paradoxes
Pareto principle
Social choice
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Description
Summary: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.
ISSN:0931-8658
1617-7134
DOI:10.1007/BF01227016