文章基本信息

标题：The Pareto principle of optimal inequality
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作者：Antoine BOMMIER ; Stéphane ZUBER
期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2009
卷号：1
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：The Pareto principle is often viewed as a mild requirement compatible with a variety of value judgements. In particular, it is generally thought that it can accommodate different views on the desirable degree of equality. We show that this is generally not true in intertemporal models where some uncertainty prevails. To do so, we formalize the concept of inequality aversion. We show that different degrees of inequality aversion are not possible in typical models of time-consistent dynamic decision under uncertainty.
关键词：inequality aversion, Pareto principle, uncertainty, time consistency.