In the framework of general equilibrium theory, this paper considers the existing relationship between the concepts of egalitarianism, efficiency and fairness, in a pure exchange economy with infinitely many goods. We consider the possibility of achieving an efficient egalitarian allocation in a...

The Pareto optimal concept does not concern with fairness or equality, it is a concept related to efficiency. In this paper, using techniques from the general equilibrium theory, we relate efficiency, fairness and stability of an economy.

General Equilibrium Theory (GE) scrutinizes the ability of markets to achieve efficient allocation of resources. The main purpose of this work is, in the framework to the GE to analyze, the possibility of design a mechanism enabling agents to make independent decisions compatible with social...