Efficiency, egalitarianism, stability and social welfare in infinite dimensional economies

Elvio Accinelli-Gamba, Leobardo Plata-Pérez, Joss Sánchez-Pérez

Abstract


In the framework of general equilibrium theory, this paper considers the existing relationship between the concepts of egalitarianism, efficiency, and fairness, in a pure exchange economy with infinitely many goods. We consider the possibility of achieving an efficient egalitarian allocation in a decentralized way. Finally, we introduce an index to measure the degree of inequality in a given economy

Keywords


Fairness; Efficiency; Economic Welfare

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References


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