A characterization of maximin

K.G.M. Bosmans; E. Ooghe

doi:10.1007/s40505-013-0017-1

A characterization of maximin

K.G.M. Bosmans^*, E. Ooghe

^*Corresponding author for this work

Microeconomics & Public Economics

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

We characterize maximin on the basis of anonymity, continuity, weak Pareto and weak Hammond equity. In contrast to the standard Hammond equity axiom, weak Hammond equity supports only utility transfers that unambiguously diminish overall inequality.

Original language	English
Pages (from-to)	151-156
Journal	Economic Theory Bulletin
Volume	1
Issue number	2
DOIs	https://doi.org/10.1007/s40505-013-0017-1
Publication status	Published - 1 Jan 2013

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abstract = "We characterize maximin on the basis of anonymity, continuity, weak Pareto and weak Hammond equity. In contrast to the standard Hammond equity axiom, weak Hammond equity supports only utility transfers that unambiguously diminish overall inequality.",

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A characterization of maximin

Abstract

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