The Walrasian Distribution of Opportunity Sets : An Axiomatic Characterization

Economic systems generate various distributions of opportunity sets for individuals to choose consumption bundles. This paper presents an axiomatic analysis on distributions of opportunity sets. We introduce several reasonable properties of distributions of opportunity sets, and characterize the distributions of opportunity sets in the market economy by these properties.

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Year of publication:	2010-12
Authors:	Tadenuma, Koichi ; Xu, Yongsheng
Institutions:	Graduate School of Economics, Hitotsubashi University
Subject:	distribution of opportunity sets \| market economy \| Walrasian distribution \| axiomatic characterization

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2010-16 19 pages long
Classification:	D50 - General Equilibrium and Disequilibrium. General ; D60 - Welfare Economics. General ; D70 - Analysis of Collective Decision-Making. General ; P00 - Economic Systems. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008774547