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- Title
NON-LINEAR PRICING AND EQUALITY OF OPPORTUNITY.
- Authors
Andersson, Tommy
- Abstract
This paper investigates non-linear pricing schedules that are based on Roemer's equality of opportunity (EOp) criterion, and compare them with the maximin and the utilitarian non-linear pricing schedules. The main results suggest that the EOp policy offers a reasonable compromise between the maximin and the utilitarian policies in the sense that: (1) the consumption for each individual is highest under the utilitarian policy and lowest under the maximin policy, and (2) the individuals in the extreme positions rank the EOp policies between the maximin and the utilitarian policy in terms of utility level.
- Subjects
NONLINEAR pricing; EQUALITY; MAXIMIN strategies; UTILITARIANISM; UTILITY theory; CONSUMPTION (Economics)
- Publication
Metroeconomica, 2008, Vol 59, Issue 4, p541
- ISSN
0026-1386
- Publication type
Article
- DOI
10.1111/j.1467-999X.2008.00326.x