principle? To answer this question, the paper formulates an economic system as an allocation rule under economies with non … shows that any Pareto efficient allocation rule satisfies none of the axioms of the voluntary participation principle. The … dictatorial allocation rule, or forces someone to participate in the economic system without any guarantee of a minimal living …

principle? To answer this question, the paper formulates an economic system as an allocation rule under economies with non … shows that any Pareto efficient allocation rule satisfies none of the axioms of the voluntary participation principle. The … dictatorial allocation rule, or forces someone to participate in the economic system without any guarantee of a minimal living …

satisfied, representativeness, impartiality, etc. The result is a unique asymptotic allocation rule. It is shown for n=2 …

one network to another are random and yield a Markov chain. We propose the link-based allocation rule for such dynamic … particular (natural) network formation process we recover the link-based flexible network allocation rule of Jackson. …