Moreno-Ternero, Juan; Roemer, John E. - Cowles Foundation for Research in Economics, Yale University - 2004
The ethic of 'priority' is a compromise between the extremely compensatory ethic of 'welfare equality' and the needs-blind ethic of ‘income equality’. We propose an axiom of priority, and characterize resource allocation rules that are impartial, prioritarian, and solidaristic. They comprise...