Abstract
We’ll begin with a variety of bounds on people’s assignments or welfare. Some will be lower bounds; others upper bounds. Some will be based on comparisons to equal division; others on references to counterfactual economies in which everyone has the same preferences or that have a hypothetical technology. Next will be concepts based on interpersonal comparisons of assignments. Starting with order preservation ideas, we’ll move to the concepts of no-envy and egalitarian-equivalence, together with variants of these fundamental notions.
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Notes
- 1.
Konrad Lorenz and Niko Tinbergen shared their Prize with a man named Frisch (Karl von Frisch) and so did Jan Tinbergen (Ragnar Frisch).
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Thomson, W. (2023). Axiom Content: Punctual Requirements on Welfare Distribution. In: The Axiomatics of Economic Design, Vol. 1. Studies in Choice and Welfare. Springer, Cham. https://doi.org/10.1007/978-3-031-29398-6_6
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DOI: https://doi.org/10.1007/978-3-031-29398-6_6
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