EconStor >
Eberhard Karls Universität Tübingen >
Wirtschaftswissenschaftliche Fakultät, Universität Tübingen >
University of Tübingen Working Papers in Economics and Finance >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/52237
  
Title:A concern about low relative income, and the alignment of utilitarianism with egalitarianism PDF Logo
Authors:Stark, Oded
Kobus, Martyna
Jakubek, Marcin
Issue Date:2011
Series/Report no.:University of Tübingen working papers in economics and finance 21
Abstract:A utilitarian social planner who maximizes social welfare assigns the available income to those who are most efficient in converting income into utility. However, when individuals are concerned about their income falling behind the incomes of others, the optimal income distribution under utilitarianism is equality of incomes.
Subjects:utilitarianism
income equality
social welfare maximization
relative income
JEL:H0
I0
I30
I31
Persistent Identifier of the first edition:urn:nbn:de:bsz:21-opus-58757
Document Type:Working Paper
Appears in Collections:University of Tübingen Working Papers in Economics and Finance

Files in This Item:
File Description SizeFormat
671706209.pdf799.85 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/52237

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.