MORENO-TERNERO, Juan D.; ROEMER, John E. - Center for Operations Research and Econometrics (CORE), … - 2005
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 a...