In this paper we study the problem of ecient production and allocation of indi- visible objects among a set of consumers. We assume that the agents' preferences depend on the bundle of objects and the quantity of money they consume. Further- more, we assume that preferences are quasilinear in money, and that agents have a large endowment of money.
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Paper provided by Michigan - Center for Research on Economic & Social Theory in its series Papers with number
97-03.
Length: 35 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:michet:97-03
Contact details of provider: Postal: UNIVERSITY OF MICHIGAN, DEPARTMENT OF ECONOMICS CENTER FOR RESEARCH ON ECONOMIC AND SOCIAL THEORY, ANN ARBOR MICHIGAN U.S.A.
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Find related papers by JEL classification: D20 - Microeconomics - - Production and Organizations - - - General D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
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