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

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


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


Fairness; Efficiency; Economic Welfare

Full Text:



Accinelli, E. (2010). “A Generalization of the Implicit Function Theorem”. Applied Mathematical Sciences, 4(26), 1289-1298.

Accinelli, E., Brida, G., Plata, L., and Puchet. M. (2008). “Bienestar social, óptimos de Pareto y equilibrios walrasianos”. El Trimestre Económico, LXXV(número especial para las VII Jolate).

Accienlli, E., and Carrera, E. (2012). “The Evolutionary Game of Poverty Traps”. The Manchester School, Special Issue on Poverty Traps Vol. (80)/4, pp.381-400.

Accinelli, E., and Plata, L. (2011). Microeconomic Foundations of the Social. In Dynamic, Game and Science: in Honour of Mauricio Peixoto and David Rand (42-54). Series: Springer-Veralg.

Accinelli, E., Hernández, R., and Plata, L. (2008). “Eficiencia y bienestar social: El camino de Negishi”. Revista Perspectivas (UASLP), 3(4), 1-20.

Aliprantis, C. D., Brown, D. J., and Burkinshaw, O. (1990). “Existence and Optimality of Competitive Equilibrium”. Springer-Verlag.

Arrow, K. (1951). Social Choice and Individual Values. New York: J. Willey and Sons.

Barbosa, P., Jovanovic, B., and Spiegel, M. (1997). “Inequality and Stability”. Annales d' Economie et de Statistique, 48, 15-40.

Bowles, S., and Herbert, G. (1998). Recasting egalitarianism: new rules for communities, states and markets. Verso.

d'Aspremont, C., and Gevers, L. (1977). “Equity and the informational basis of colleclive choice”. Review of Eiconomic Studies, 199-203.

Hammond , P. J. (1976). “Equity, Arrow’s conditions and Rawls’ difference principle”. Econometrica, 44, 793-804.

Imair, H. (1983). "Individual monotonicity and lexicographic maxima solutions". Econometrica 51 pp. 389-401.

Kalai, E. (1977). “Proportional solutions to bargaining situations: Interpersonal utility comparisons”. Econometrica, 45, 1623-1630.

Luemberger D. (1969). “Optimization by Vector Space Methods”. Ed, by John Wiley and Sons.

Mas Colell, A. (1986). “The price existence problem in topotlogical lattices”. Econometrica, 54, 1039-1053.

Nash, J. F. (1950). “The bargaining problem”. Econometrica, 8, 155-162.

Negishi, T. (1960). “Welfare economics and existence of an equilibrium for a competitive economy”. Metroeconomics, 12, 92-97

Rawls, J. (1999). A Theory of Justice. Section 12 revised edition, Cambridge: Harvard University Press.

Rawls, J. (2001). Justice as Fairness: A Restatement. Section 13, Ed. by Erin Kelly, Cambridge: Harvard University Press.

Roth, A. (1979). “Proportional1 solutions to the bargaining problem”. Econometrica, 47, 775-778.

Sen, A. K. (1977). “On weights and measures: Informatinal constriants in social welfare analysis”. Econometrica, 45, 1539-1572.

Strasnick, S. (1976). “Social choice and the derivation of Rawls’ difference principle”. The Journal of Philosophy, 73, 85-99.

Thomsom, W. (1984). “Monotonicity, Stability and Egalitarianism”. Mathematical Social Sciences, 8, 15-28.

Zeidler, E. (1993). Nonlinear Functional Analysis and its Applications. Vol I, Ed. Springer-Verlag.

Contador de visualizaciones:

  • Abstract : 16 vistas.
  • PDF : 7 vistas.
  • Refbacks

    • There are currently no refbacks.

    Copyright (c) 2014 Ensayos Revista de Economía (Ensayos Journal of Economics)

    Creative Commons License
    This work is licensed under a Creative Commons Attribution 4.0 International License.

    Información Legal
    Ensayos Revista de Economía, Vol. 36, No. 1, Mayo 2017, es una publicación semestral editada por la Universidad Autónoma de Nuevo León, a través de la Facultad de Economía con la colaboración del Centro de Investigaciones Económicas, Av. Lázaro Cárdenas 4600 Ote., Fracc. Residencial Las Torres, Monterrey, N.L. C.P. 64930. Tel. +52 (81) 8329 4150 Ext. 2463 Fax. +52 (81) 8342 2897. Editor Responsable: Daniel Flores Curiel, Reserva de Derechos al Uso Exclusivo No. 04-2015-091013542400-203, ISSN 2448-8402, ambos otorgados por el Instituto Nacional del Derecho de Autor. Responsable de la última actualización de este Número, Facultad de Economía UANL, M.C. Hans Y. Martinez Torres, Av. Lázaro Cárdenas 4600 Ote., Fracc. Residencial Las Torres, Monterrey, N.L. C.P. 64930. Tel. +52 (81) 8329 4150. Fecha última de actualización 9 de Mayo de 2017.

    Las opiniones y contenidos expresados en los artículos son responsabilidad exclusiva de los autores.

     Licencia de Creative Commons

    El contenido de Ensayos Revista de Economía está bajo términos de la licencia de Creative Commons Reconocimiento 4.0 Internacional.