A characterization of maximin

K.G.M. Bosmans, E. Ooghe

Research output: Contribution to journalArticleAcademicpeer-review


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 languageEnglish
Pages (from-to)151-156
JournalEconomic Theory Bulletin
Issue number2
Publication statusPublished - 1 Jan 2013

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