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Redistribution and compensation

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Abstract

In a model where individual incomes depend on the agents' characteristics, we provide characterizations of several redistribution mechanisms. These mechanisms are designed to eliminate the effects of characteristics that are to be considered “irrelevant”, while preserving the influence of “relevant” characteristics on individual incomes. The mechanisms discussed here are egalitarian-equivalent and conditionally egalitarian mechanisms, as well as averaging versions of these rules.

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Authors and Affiliations

  1. Department of Economics, University of Waterloo, N2L 3G1, Waterloo, Ontario, Canada

    Walter Bossert

  2. Département d'Economie, Université de Cergy-Pontoise, 95011, Cergy-Pontoise Cédex, France

    Marc Fleurbaey

Authors
  1. Walter Bossert
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  2. Marc Fleurbaey
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Bossert, W., Fleurbaey, M. Redistribution and compensation. Soc Choice Welfare 13, 343–355 (1996). https://doi.org/10.1007/BF00179237

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  • DOI: https://doi.org/10.1007/BF00179237

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