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Martínez, Ricardo; Moreno-Ternero, Juan D.
Economics letters, September 2022, 2022-09-00, Volume: 218Journal Article
We explore the implications of three basic and intuitive axioms for income redistribution problems: equal treatment of equals, additivity and stability. We show that the combination of the three axioms characterizes two focal and polar rules: laissez-faire and full redistribution. •We study the income redistribution problem from an axiomatic perspective.•We focus on three basic axioms: equal treatment of equals, additivity, and stability.•Two focal and polar rules are laissez-faire and full redistribution.•They are characterized by the combination of the three axioms.•Compromises between them are characterized by the first two axioms.
