Laissez-faire or full redistribution?
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Martínez Rico, RicardoEditorial
Elsevier
Materia
Redistribution problems Laissez-faire Full redistribution Equal treatment of equals Additivity Stability
Date
2022-08-01Referencia bibliográfica
Ricardo Martínez, Juan D. Moreno-Ternero, Laissez-faire or full redistribution?, Economics Letters, Volume 218, 2022, 110756, ISSN 0165-1765, [https://doi.org/10.1016/j.econlet.2022.110756]
Sponsorship
Junta de Andalucia P18-FR-2933 A-SEJ-14-UGR20; MCIN/AEI P18-FR-2933 A-SEJ-14-UGR20 PID2020-114309GB-I00 PID2020-115011GB-I00Abstract
We explore the implications of three basic and intuitive axioms for income redistribution problems:
equal treatment of equals, additivity and stability. We show that the combination of the three axioms
characterizes two focal and polar rules: laissez-faire and full redistribution.