inefficiency of a household resource allocation does not however refute the hypothesis that it chooses this resource allocation as … necessary to show that the observed allocation does not represent a second best optimum. For this it will be necessary to show … the allocation does not hold. …

nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The …

still exists a responsible allocation which is also Pareto-efficient. Further, the utilitarian welfare maximum without …

We consider private good economies with single-peaked preferences. We show that the uniform rule is the only allocation …

Economics for the given environment. In this note, I show that for any Pareto-optimal allocation and any hierarchical exchange … mechanism one can add an initial allocation of ownership rights, such that the given Pareto-optimal allocation arises as a …

preferences. I investigate this question in an environment of matching allocation problems. There are two reasons for doing so … in any which way to obtain results on the welfare properties of trade. Secondly, some matching allocation mechanisms have …

acquisition into otherwise standard house allocation problems. I find that there is a unique ex ante Pareto-optimal, strategy …-proof and non-bossy allocation mechanism: serial dictatorship. This stands in sharp contrast to the very large set of such … mechanisms for house allocation problems without endogenous information acquisition. …