Inequity-averse preferences in general equilibrium Academic Article

abstract

• 2017 Elsevier B.V. We study the stability with respect to the introduction of opportunity-based inequity aversion la Dufwenberg etal. (2011) of three welfare properties satisfied by competitive equilibria in self-regarding economies: (i) Pareto efficiency may not be a stable property; (ii) undomination with respect to income redistribution is a stable property whenever the marginal indirect utility of income has no extreme variations; and (iii) generically (endowment-wise) market-constrained efficiency is a stable property.

authors

• Velez, Rodrigo

published proceedings

• JOURNAL OF MATHEMATICAL ECONOMICS

altmetric score

• 0.25

author list (cited authors)

• Velez, R. A.

citation count

• 0

complete list of authors

• Velez, Rodrigo A

publication date

• May 2017

publisher

• Elsevier  Publisher

published in

• Journal of Mathematical Economics  Journal

keywords

• General Equilibrium
• Inequity Aversion

Digital Object Identifier (DOI)

• 10.1016/j.jmateco.2017.02.009

start page

• 166

end page

• 175

volume

• 70

URL

• http%3A%2F%2Fdx.doi.org%2F10.1016%2Fj.jmateco.2017.02.009

user-defined tag

• 8 Decent Work and Economic Growth