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Social Choice and Resources Allocation : A Topological Perspective

Heal, Geoffrey M. - 2011

and distinct area of social choice to one which is integrated into the mainstreams of both social choice theory and … general equilibrium theory, and which has come to be a bridge between these previously disparate areas. One of the most … economics and that at a deep level all forms of resource allocation are equivalent. The topological approach to social choice …

Persistent link: https://www.econbiz.de/10014029804

Fair Allocations in an Overlapping Generations Economy

Dubey, Ram Sewak - 2018

This paper investigates fair (i.e., envy free and efficient) allocations in an overlapping generations economy without production and with two - period lived agents. We show that there exists a conflict between no-envy and efficiency when all generations have identical preferences. This conflict...

Persistent link: https://www.econbiz.de/10012938330

The Efficiency Criterion for Securities Regulation : Investor Welfare or Total Surplus?

Lee, Yoon-Ho Alex - 2015

Persistent link: https://www.econbiz.de/10013034035

A perfectly competitive economy is an economy without welfare relevant endogenous learning

Nyborg, Karine - 2021

I demonstrate a straightforward but apparently widely unrecognized implication of the standard requirements for perfect competition: an economy in which consumers can choose to learn is generally not perfectly competitive. In particular, if endogenous welfare relevant learning is feasible, the...

Persistent link: https://www.econbiz.de/10012520083

Sequential Pairwise Trading : Convergence and Welfare Implications

Miceli, Maria-Augusta - 2016

This paper characterizes the out-of-equilibrium dynamics of a symmetric, pure exchange economy with two goods and N agents with uniformly distributed preferences and identical endowments. Relaxing the auctioneer assumption, but maintaining a global price rule, sequentially random pairwise...

Persistent link: https://www.econbiz.de/10013007729

Selective Bi-Coordinate Variations for Resource Allocation Type Problems

Konnov, Igor - 2014

We suggest a modification of the coordinate descent methods for resource allocation problems, which keeps the basic …

Persistent link: https://www.econbiz.de/10014036743

Strategy-Proof Allocation Mechanisms for Pure Public Goods Economies When Preferences are Monotonic

Moreno, Diego - 1999

representable by continuous and increasing utility functions, then strategy-proof allocation mechanisms whose (undominated) range …

Persistent link: https://www.econbiz.de/10014206916

Cooperative Production with Unequal Skills : The Solidarity Approach to Compensation

Fleurbaey, Marc; Maniquet, François - 1999

particular allocation rules are characterized be combining this axiom with a requirement of non-discrimination among preferences …

Persistent link: https://www.econbiz.de/10014184246

A human relations paradox

Gersbach, Hans; Haller, Hans - 2011 - This version: April 2011

We present a variant of a general equilibrium model with group formation to study how changes of non-consumptive benefits from group formation impact on the well-being of group members. We identify a human relations paradox: Positive externalities increase, but none of the group members gains in...

Persistent link: https://www.econbiz.de/10009236279

The cost-benefit fallacy : why cost-benefit analysis is broken and how to fix it

Flyvbjerg, Bent; Bester, Dirk W. - In: Journal of benefit-cost analysis : JBCA 12 (2021) 3, pp. 395-419

Persistent link: https://www.econbiz.de/10012705130