We present and discuss a binary relation aimed at the study of the re-distribution of income. We characterize, in a number of ways, the set of income allocations that can be reached from an initial allocation through a sequence of pair-wise equalizing transfers, where the sequence contains no flow of income from any donor to anyone else who ends up strictly richer than this donor himself ends up at the outcome of the entire sequence.
ASJC Scopus subject areas
- Social Sciences (miscellaneous)
- Economics and Econometrics