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The informational basis of the theory of fair allocation

Author

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  • Marc Fleurbaey

    (CERSES - UMR 8137 - Centre de recherche sens, ethique, société - UPD5 - Université Paris Descartes - Paris 5 - CNRS - Centre National de la Recherche Scientifique)

  • Kotaro Suzumura
  • Koichi Tadenuma

Abstract

The theory of fair allocation is often favourably contrasted with the social choice theory in the search for escape routes from Arrow's impossibility theorem. Its success is commonly attributed to the fact that it is modest in its goal vis-à-vis social choice theory, since it does not aspire for a full-fledged ordering of options, and settles with a subset of "fair" options. We show that its success may rather be attributable to a broadened informational basis thereof. To substantiate this claim, we compare the informational basis of the theory of fair allocation with the informational requirements of social choice theory.

Suggested Citation

  • Marc Fleurbaey & Kotaro Suzumura & Koichi Tadenuma, 2005. "The informational basis of the theory of fair allocation," Post-Print hal-00247023, HAL.
    • Handle: RePEc:hal:journl:hal-00247023
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    References listed on IDEAS

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    1. LeBreton, M., 1994. "Arrovian Social Choice on Economic Domains," G.R.E.Q.A.M. 94a37, Universite Aix-Marseille III.
    2. Michel Breton, 1997. "Arrovian Social Choice on Economic Domains," International Economic Association Series, in: Kenneth J. Arrow & Amartya Sen & Kotaro Suzumura (ed.), Social Choice Re-examined, chapter 4, pages 72-96, Palgrave Macmillan.
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    Cited by:

    1. Marc Fleurbaey, 2003. "Social Welfare, Priority to the Worst-Off And the Dimensions of Individual Well-Being," IDEP Working Papers 0312, Institut d'economie publique (IDEP), Marseille, France.
    2. Jean-François Laslier, 2004. "Strategic approval voting in a large electorate," IDEP Working Papers 0405, Institut d'economie publique (IDEP), Marseille, France.
    3. Marc Fleurbaey & Koichi Tadenuma, 2007. "Do Irrelevant Commodities Matter?," Econometrica, Econometric Society, vol. 75(4), pages 1143-1174, July.
    4. Susumu Cato, 2014. "Independence of irrelevant alternatives revisited," Theory and Decision, Springer, vol. 76(4), pages 511-527, April.
    5. Dan Qin, 2014. "Refining the Information Function Method: Instrument and Application," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 8(2), pages 84-101, October.
    6. Nikolai Hoberg & Stefan Baumgärtner, 2014. "Value pluralism, trade-offs and efficiencies," Working Paper Series in Economics 311, University of Lüneburg, Institute of Economics.
    7. Sakai, Toyotaka, 2009. "Walrasian social orderings in exchange economies," Journal of Mathematical Economics, Elsevier, vol. 45(1-2), pages 16-22, January.
    8. Fleurbaey, Marc, 2007. "Two criteria for social decisions," Journal of Economic Theory, Elsevier, vol. 134(1), pages 421-447, May.

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    More about this item

    Keywords

    fair allocation; social choice; informational basis;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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