THE LEXICOGRAPHIC EGALITARIAN SOLUTION ON ECONOMIC ENVIRONMENTS

This paper considers solutions to distribution problems defined on economic environments. It shows that there is a unique resource-egalitarian and symmetric solution that proposes always Pareto optimal allocations and satisfies Inidivual Restricted Monotonicity; this property requires the poor people of the society to be strictly better-off when social resources increase and the initial outcome is a welfare unequal position. That unique solution is the lexicographic extension of the maxmin criterion.