Truncated Egalitarian solutions
โ Scribed by W. Thomson
- Publisher
- Springer
- Year
- 1984
- Tongue
- English
- Weight
- 445 KB
- Volume
- 1
- Category
- Article
- ISSN
- 0176-1714
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
This paper considers solutions to distribution problems defined on economic environments. It shows that there is a unique resource-egalitarian and symmetric solution that proposes always Pareto optimal allocations and satisfies Inidivual Restricted Monotonicity; this property requires the poor peopl
We analyze a simple arbitration procedure which is a multi-stage variant of Nash's demand game. In the absence of discounting, all Nash equilibria of the game yield the egalitarian solution in the first stage. The crucial feature of our arbitration procedure is that, in the case of incompatible dema