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| | Economics and Economic Justice |
 | | When there is sufficient homogeneity among preferences, for instance when alternatives differ only in one dimension and individual preferences are based on the distance of alternatives to their preferred alternative along this dimension (think, for instance, of political options on the left-right spectrum), then consistent methods exist (the majority rule, in this example; Black 1958). |
 | | His solution consists in choosing the alternative which, in the feasible set, maximizes the product of individual utility gains from the disagreement point (this point is the fallback option when the parties fail to reach an agreement). |
 | | Egalitarian-equivalence is a serious alternative to no-envy for the definition of equality of resources, and its superiority in terms of solidarity is quite significant, in relation to the next point. |
| plato.stanford.edu /entries/economic-justice (11443 words) |
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