NE&EP webinar on Monday 16th: Pierre Bardier on Efficiency-conditional priority to the worst-off
may...@gmail.com
Dear all,
Our next NE&EP webinar will take place on Monday March 16th at 5pm (Paris time), 12 pm EDT (note time difference between Europe and the US).
The speaker is Pierre Bardier (Paris School of Economics and Ecole Normale Supérieure). Pierre will present:
Efficiency-conditional priority to the worst-off (abstract below)
You can join the webinar with the following link: https://uio.zoom.us/j/67709623885
We are looking forward to seeing you there!
Maya Eden and Paolo Piacquadio
Title: “Efficiency-conditional priority to the worst-off”
Abstract: We study how to rank multidimensional allocations, over which agents have heterogeneous preferences, according to a new efficiency-preserving transfer principle. The motivation is that in conjunction with efficiency and informational parsimony principles, transfer requirements previously proposed, which ignore the respective efficiency of the pre-and-post-transfer allocations, force society to give absolute priority to the worst-off. The social orderings that we characterize —on the basis of our new transfer axiom, strong Pareto, continuity and an assumption pertaining to the representation of individual preferences— combine an inequality-neutral ordering and an infinitely inequality-averse ordering, and may display any finite aversion to inequality, except neutrality.