Egalitarian equivalence under asymmetric information

Geoffroy de Clippel, David Pérez-Castrillo, David Wettstein

Research output: Contribution to journalArticlepeer-review


We propose a definition of egalitarian equivalence that extends Pazner and Schmeidler's (1978) concept to environments with incomplete information. If every feasible allocation rule can be implemented by an incentive compatible mechanism (as, for instance, in the case of non-exclusive information), then interim egalitarian equivalence and interim incentive efficiency remain compatible, as they were under complete information. When incentive constraints are more restrictive, on the other hand, the two criteria may become incompatible.

Original languageEnglish
Pages (from-to)413-423
Number of pages11
JournalGames and Economic Behavior
Issue number1
StatePublished - 1 May 2012


  • Asymmetric information
  • Egalitarian equivalence
  • Pareto efficiency

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


Dive into the research topics of 'Egalitarian equivalence under asymmetric information'. Together they form a unique fingerprint.

Cite this