Bosmans and Ooghe (2013, p. 155) incorrectly state that the axioms in their theorem are independent. In fact, anonymity is redundant. The theorem may therefore be strengthened as follows.
A quasi-ordering \(R\) on \({\mathbb {R}}^{n}\) satisfies continuity, weak Pareto and weak Hammond equity if and only if it is maximin.
FormalPara ProofLet \(R\) be a quasi-ordering on \({\mathbb {R}}^{n}\) that satisfies continuity, weak Pareto and weak Hammond equity. Consider two utility vectors \(u,v\in {\mathbb {R}}^{n}\).
First, we have to show that \(u_{(1)}>v_{(1)}\) implies \(uPv\). Let \(i\in N\) be such that \(v_{i} = v_{(1)}\). Construct vectors \(w,z\in {\mathbb {R}}^{n}\) such that
By weak Pareto, we have \(uPz\) and \(wPv\). By weak Hammond equity, we have \(zRw\). Hence, we obtain \(uPv\) using transitivity.
Second, we have to show that \(u_{(1)}=v_{(1)}\) implies \(uIv\). This follows from part (ii) of the proof in Bosmans and Ooghe (2013, p. 155). \(\square \)
References
Bosmans, K., Ooghe, E.: A characterization of maximin. Econ. Theory Bull. 1, 151–156 (2013)
Miyagishima, K.: A characterization of the maximin social ordering. Econ. Bull. 30, 1278–1282 (2010)
Acknowledgments
Kaname Miyagishima is grateful for the financial support from JSPS KAKENHI (13J06143).
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Miyagishima, K., Bosmans, K. & Ooghe, E. A characterization of maximin: corrigendum. Econ Theory Bull 2, 219–220 (2014). https://doi.org/10.1007/s40505-014-0033-9
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DOI: https://doi.org/10.1007/s40505-014-0033-9