Equal Division, Efficiency, and the Sovereign Supply of Labor

@inproceedings{Kranich1994EqualDE,
  title={Equal Division, Efficiency, and the Sovereign Supply of Labor},
  author={Laurence Kranich},
  year={1994}
}
The canonical problem of equity in production economies consists of two agents with different tastes and abilities, each of whom contributes labor to produce a single consumption good. As a criterion for distributive justice, the author requires that if both agents work equal numbers of hours, they should divide the output equally. He also requires that the labor-supply decision should remain sovereign. Sufficient conditions are established for achieving an efficient allocation using a division… CONTINUE READING

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