COWLES FOUNDATION FOR RESEARCH IN
ECONOMICS Box 208281
COWLES FOUNDATION DISCUSSION PAPER NO. 1477B Impartiality and Priority. Juan D. Moreno-Ternero and John E. Roemer February 9, 2005 The ethic of priority is a compromise between the extremely compensatory ethic of welfare equality and the needs-blind ethic of income equality. We propose an axiom of priority, and characterize resource allocation rules that are impartial, prioritarian, and solidaristic. They comprise a class of rules which equalize across individuals some index of resources and welfare. Consequently, we provide an ethical rationalization for the many applications in which such indices have been used (e.g., the human development index, index of primary goods, etc.). JEL Classification: D63, D71 Keywords: Impartiality, Solidarity, Priority, Allocation rules, Characterization result |