SOCIAL-STRUCTURE, ECONOMIC-PERFORMANCE AND PARETO OPTIMALITY

Authors
THISTLE PD
Citation
Pd. Thistle, SOCIAL-STRUCTURE, ECONOMIC-PERFORMANCE AND PARETO OPTIMALITY, Theory and decision, 45(2), 1998, pp. 161-173
Citations number
9
Categorie Soggetti
Social Sciences, Mathematical Methods",Economics
Journal title
Theory and decision → ACNP
ISSN journal
00405833
Volume
45
Issue
2
Year of publication
1998
Pages
161 - 173
Database
ISI
SICI code
0040-5833(1998)45:2<161:SEAPO>2.0.ZU;2-W
Abstract
This paper shows that, if the performance of the economy is independen t of the identities of individuals, then many welfare criteria yield s ets of optimal social states that are equal to the Pareto optimal set. This result is proved for income distributions and extended to more g eneral social choice problems. If the independence condition holds, th en the set of optimal states is invariant to the adoption of an anonym ity axiom, and to the utility information available.