Can everyone benefit from growth?

Moulin, H. and Thomson, W. (1988) Can everyone benefit from growth? Journal of Mathematical Economics, 17(4), pp. 339-345. (doi:10.1016/0304-4068(88)90016-X)

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Abstract

We consider the problem of fair division in economies where the amount to be divided may vary. We show that there is no solution to this problem jointly satisfying the following requirements: (i) Pareto-optimality; (ii) resource monotonicity; an increase in the aggregate endowment should benefit all agents; (iii) individual rationality from equal division: all agents should be better off than at equal division. The first two requirements are also incompatible with (iv) no agent should consume more of every good than any other agent.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Moulin, Professor Herve
Authors: Moulin, H., and Thomson, W.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Journal of Mathematical Economics
ISSN:0304-4068
ISSN (Online):1873-1538

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