A bitter choice turned sweet: How acknowledging individuals' concern at having a low relative income serves to align utilitarianism and egalitarianism

DSpace Repository

Show simple item record

dc.contributor.author Stark, Oded
dc.contributor.author Jakubek, Marcin
dc.contributor.author Kobus, Martyna
dc.date.accessioned 2015-06-10T10:43:49Z
dc.date.available 2015-06-10T10:43:49Z
dc.date.issued 2015-06-10
dc.identifier.other 433675012 de_DE
dc.identifier.uri http://hdl.handle.net/10900/63573
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-dspace-635735 de_DE
dc.identifier.uri http://dx.doi.org/10.15496/publikation-4995
dc.description.abstract When individuals’ utility is a convex combination of their income and their concern at having a low relative income (the weights attached to income and to the concern at having a low relative income sum up to one), the maximization of aggregate utility yields an equal income distribution. This alignment of utilitarianism and egalitarianism is obtained for any number of individuals, and for general utility functions that are convex combinations of a power function of income and the concern at having a low relative income. The alignment can also hold when the weights sum up to a number different than one. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Soziale Wohlfahrt de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Utilitarianism en
dc.subject.other Egalitarianism en
dc.subject.other Egalitarismus de_DE
dc.subject.other Utilitarismus de_DE
dc.subject.other Social welfare maximization en
dc.subject.other Low relative income en
dc.title A bitter choice turned sweet: How acknowledging individuals' concern at having a low relative income serves to align utilitarianism and egalitarianism en
dc.type Aufsatz de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
utue.publikation.source University of Tübingen Working Papers in Economics and Finance ; 81 de_DE

Dateien:

This item appears in the following Collection(s)

Show simple item record