Maximin, leximin, and the protective criterion: Characterizations and comparisons

Salvador Barbarà, Matthew Jackson

Research output: Contribution to journalArticleResearchpeer-review

46 Citations (Scopus)

Abstract

In this paper we characterize maximin, leximin, and the protective criterion. In particular, we provide a new proof for a classical characterization of maximin, we provide a new characterization of leximin, and we define and characterize a new variant of maximin: the protective criterion. The decision criteria are considered and compared in both a game agains nature framework and a social welfare framework. © 1988.
Original languageEnglish
Pages (from-to)34-44
JournalJournal of Economic Theory
Volume46
Issue number1
DOIs
Publication statusPublished - 1 Jan 1988

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