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Identifier to cite or link to this item: https://hdl.handle.net/10086/14409

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Title
The Informational Basis of the Theory of Fair Allocation
Creator
Creator Name
Fleurbaey, Marc Fleurbaey, Marc
Affiliation
Affiliation Name
University of Pau
Creator Name
Suzumura, Kotaro Suzumura, Kotaro
鈴村, 興太郎 鈴村, 興太郎
スズムラ, コウタロウ スズムラ, コウタロウ
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
Tadenuma, Koichi Tadenuma, Koichi
蓼沼, 宏一 蓼沼, 宏一
Affiliation
Affiliation Name
Hitotsubashi University
Editor
Contributor Name
世代間問題研究プロジェクト（世代間利害調整） = Setting Options for Fair Distribution of Well-being among Different Generations, Project on Intergenerational Equity
JEL
D63
D71
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-a-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.
Description
This version: November 2002 (First version: July 2001)
This paper is derived from an earlier draft of our paper entitled "Informational requirements for social choice in economic environments". The authors thank A. Trannoy for comments, and participants at seminars in Cergy and Rochester, and the 5th International Meeting of the Society for Social Choice and Welfare in Alicante. Financial support from the Ministry of Education of Japan through Grant-in-Aid No. 10045010 ("Economic Institutions and Social Norms: Evolution and Transformation") is gratefully acknowledged.
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2002-11
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion Paper ; No. 122
NCID
AA11851730
Number of Pages
32
Sponsorship
科学研究費補助金（特定領域研究） = Grant-in-Aid for Scientific Research on Priority Areas
Appears in Collections
Discussion paper / Setting Options for Fair Distribution of Well-being among Different Generations, PIE
URL
https://hdl.handle.net/10086/14409