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Identifier to cite or link to this item: https://hdl.handle.net/10086/17006

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Title
The Informational Basis of the Theory of Fair Allocation
Creator
Creator Name
Fleurbaey, Marc Fleurbaey, Marc
Affiliation
Affiliation Name
CATT
Affiliation
Affiliation Name
THEMA
Affiliation
Affiliation Name
IDEP
Affiliation
Affiliation Name
University of Pau
Creator Name
Suzumura, Kotaro Suzumura, Kotaro
鈴村, 興太郎 鈴村, 興太郎
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
Tadenuma, Koichi Tadenuma, Koichi
蓼沼, 宏一 蓼沼, 宏一
Affiliation
Affiliation Name
Hitotsubashi University
JEL
D63
D71
Abstract (distribution restricted)
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-edged 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".
Publisher
Graduate School of Economics, Hitotsubashi University
Issued Date
2002-11
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion papers ; No. 2002-11
Number of Pages
32
Edition
[Revised version]
Appears in Collections
Discussion papers / Graduate School of Economics, Hitotsubashi University
URL
https://hdl.handle.net/10086/17006