Trade-off between equity and efficiency in a general economy with indivisible goods
AbstractIn most of the recent literature on fair allocation in economies with indivisible goods and a single infinitely divisible good, it is assumed that each agent can consume at most one indivisible good. In this paper, we show that if this assumption is dropped, there do not necessarily exist envy-free and Pareto efficient allocations. However, envy-free allocations still exist and so do Pareto efficient allocations. Hence, a trade-off between equity and efficiency arises.
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Bibliographic InfoArticle provided by Springer in its journal Social Choice and Welfare.
Volume (Year): 13 (1996)
Issue (Month): 4 ()
Note: Received: 17 February 1995/Accepted: 16 June 1995
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- Maniquet, Francois, 2003.
"A characterization of the Shapley value in queueing problems,"
Journal of Economic Theory,
Elsevier, vol. 109(1), pages 90-103, March.
- Maniquet, F., 2000. "A Characterization of the Shapley Value in Queueing Problems," Papers 222, Notre-Dame de la Paix, Sciences Economiques et Sociales.
- MANIQUET, François, . "A characterization of the Shapley value in queueing problems," CORE Discussion Papers RP -1662, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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