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Gift Equilibria and Pareto Improvements


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  • WDA (Tony) Bryant

    (Department of Economics, Macquarie University)

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    Piecemeal reform methodology is used to identify Pareto improving directions of gifts in the economy studied by L. Kranich, "Gift Equilibria and Pareto Optimality Reconsidered", Journal of Economic Theory, 64, 1994, pp. 298-300.

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    File Function: First Version, 2001
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    Bibliographic Info

    Paper provided by Macquarie University, Department of Economics in its series Research Papers with number 0106.

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    Length: 15 pages.
    Date of creation: May 2001
    Date of revision:
    Handle: RePEc:mac:wpaper:0106

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    Related research

    Keywords: Walrasian equilibrium; Pareto improvement; gift;

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