LUTTENS, ROLAND IWAN; OOGHE, ERWIN - In: Economica 74 (2007) 296, pp. 599-626
We present a new fair allocation, coined a 'Pareto-efficient and Shared Resources Equivalent' allocation, which compensates for different productive skills, but not for different tastes for working. We illustrate the optimal second-best allocation in a discrete Stiglitz economy. The question of...