Egalitarian solutions in the core

Egalitarian solutions in the core

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Article ID: iaor2003664
Country: Germany
Volume: 30
Issue: 2
Start Page Number: 187
End Page Number: 193
Publication Date: Jan 2001
Journal: International Journal of Game Theory
Authors: ,
Abstract:

In this paper we define the Lorenz stable set, a subset of the core consisting of the allocations that are not Lorenz dominated by any other allocation of the core. We introduce the leximin stable allocation, which is derived from the application of the Rawlsian criterion on the core. We also define and axiomatize the egalitarian core, a set of core allocations for which no transfer from a rich player to a poor player is possible without violating the core restrictions. We find an inclusive relation of the leximin stable allocation and of the Lorenz stable set into the egalitarian core.

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