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On Equity and Utility

Author

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  • PETER van WIJCK

    (Leiden University)

Abstract

In different disciplines, different answers tend to be given to the question of which distribution of income is considered desirable by an individual. Studies dealing with this question are generally of a monodisciplinary nature. This article, on the other hand, is intended to be a contribution to an interdisciplinary approach to this question. First, the answers given by social psychologists and sociologists, on the one hand, and by economists, on the other, are presented. Subsequently, the relation between equitable and preferable distributions is investigated. Finally, the article deals with the conditions under which utility maximization yields the choice of an equitable distribution.

Suggested Citation

  • PETER van WIJCK, 1993. "On Equity and Utility," Rationality and Society, , vol. 5(1), pages 68-84, January.
    • Handle: RePEc:sae:ratsoc:v:5:y:1993:i:1:p:68-84
    DOI: 10.1177/1043463193005001007
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    References listed on IDEAS

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    1. repec:bla:kyklos:v:36:y:1983:i:3:p:450-68 is not listed on IDEAS
    2. Siegwart Lindenberg, 1983. "Utility and Morality," Kyklos, Wiley Blackwell, vol. 36(3), pages 450-468, August.
    3. Hochman, Harold M & Rodgers, James D, 1969. "Pareto Optimal Redistribution," American Economic Review, American Economic Association, vol. 59(4), pages 542-557, Part I Se.
    4. Friedel Bolle, 1991. "On Love and Altruism," Rationality and Society, , vol. 3(2), pages 197-214, April.
    5. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1.
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    Cited by:

    1. Dominique Thon & Stein W. Wallace, 2004. "Equity in Dyads: the Notion of ‘More Equitable’," Rationality and Society, , vol. 16(2), pages 191-223, May.
    2. Ronny Aboudi & Dominique Thon & Mingli Zheng, 2014. "Designing a Basic Income System with a Social Welfare Function," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 16(4), pages 546-568, August.

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