Truncated Egalitarian and Monotone Path Solutions
1983-02
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Truncated Egalitarian and Monotone Path Solutions
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1983-02
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Center for Economic Research, Department of Economics, University of Minnesota
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Working Paper
Abstract
Truncated Egalitarian and Monotone Path solutions are two families
of generalizations of the Egalitarian solution which fail to
satisfy WPO (Weak Pareto-Optimality) and SY (Symmetry) respectively.
Any solution satisfying SY, IIA (Independence of Irrelevant Alternatives),
CONT (Continuity), and MON (Monotonicity: everyone originally present
should help out when new agents come in with no resources of their own)
coincides with a Truncated Egalitarian solution if the number of agents
n is greater than 2,but may permit utility substitutions if n=2. Similarly,
any solution satisfying WPO, IIA, CONT and MON "essentially" coincides
with a Monotone Path solution if n > 2,but may permit utility substitution
if n=2.
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Thomson, W., (1983), "Truncated Egalitarian and Monotone Path Solutions", Discussion Paper No. 174, Center for Economic Research, Department of Economics, University of Minnesota.
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Thomson, William. (1983). Truncated Egalitarian and Monotone Path Solutions. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/55266.
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