Equilibrium consequence of welfare egalitarianism

Takashi Hayashi

doi:10.1016/j.jmateco.2026.103298

September 1, 2026Journal of Mathematical EconomicsOpen Access

Equilibrium consequence of welfare egalitarianism

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Key Points

To analyze the equilibria that arise in a strategic game where agents report their preferences over divisible goods and resources are allocated according to an egalitarian social welfare objective.
Formulated a game-theoretic model where participants report utility functions or preferences over continuously divisible resources.
Evaluated resource allocation outcomes determined by maximizing an egalitarian social welfare function.
Characterized the strategic equilibrium behavior of individuals misreporting or revealing preferences to maximize personal resource allocations.
Identified the theoretical conditions and equilibrium consequences of implementing egalitarian social welfare rules in strategic environments.

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Implication

Game-theoretic analysis reveals strategic outcomes under egalitarian social welfare allocation, highlighting trade-offs in preference reporting mechanisms.

Abstract

This paper studies equilibria in a game in which agents report utility functions or preferences over continuously divisible goods and allocation is determined by maximizing the egalitarian social welfare function.

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Takashi Hayashi (2026) studied this question.

synapsesocial.com/papers/6a9a85345d9e33f25c630c5c https://doi.org/10.1016/j.jmateco.2026.103298

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Equilibrium consequence of welfare egalitarianism

Key Points

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Implication

Abstract

Discussion

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Equilibrium consequence of welfare egalitarianism

Key Points

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Implication

Abstract

Discussion

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