Relative Egalitarianism and Related Criteria
نویسنده
چکیده
We reconsider the problem of aggregating individual preference orderings into a single social ordering when alternatives are lotteries and individual preferences are of the von Neumann-Morgenstern type. Relative egalitarianism ranks alternatives by applying the leximin ordering to the distributions of (0-1) normalized utilities they generate. We propose an axiomatic characterization of this aggregation rule and discuss related criteria. Keywords: preference aggregation, lotteries, relative egalitarianism JEL classi cation numbers: D63, D71
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