Auction, Insurance, and Free Market, etc. are part of Ronald Dworkin’s theory of ‘equality of resources’

This theory is contained in his book ‘Sovereign Virtue(2000)’

 Dworkin is considered as founder of ‘Luck  Egalitarianism’- that is brute luck, social or  natural, should not effect the distributive justice 

Based on principles of Luck Egalitarianism 

It constructs an Imaginary market procedure for distribution of resources in a society&nbsp; 

equal auction in Initial position: All ‘equal’ participate in fair bidding for resources of  their choice 

Fair Insurance market: Risk pooling or luck sharing for brute bad luck and option luck

It objected any interference of state; It was purely marked based arrangements.

HELP, POL SC. OBJECTIVE POLITICAL SCIENCE: 1500 MCQs (p. 12). Kindle Edition. 

Auction, Insurance, and Free Market, etc. are  part of Ronald Dworkin’s theory of ‘equality of  resources’ 

 This theory is contained in his book ‘Sovereign  Virtue(2000)’ 

 Dworkin is considered as founder of ‘Luck  Egalitarianism’- that is brute luck, social or  natural, should not effect the distributive justice 