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Gift Equilibria and Pareto Improvements

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Author Info
WDA (Tony) Bryant () (Department of Economics, Macquarie University)
Abstract

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 URL: http://www.econ.mq.edu.au/research/Giftequilibria.pdf
File Format: application/pdf
File Function: First Version, 2001
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Publisher 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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Postal: Sydney NSW 2109
Web page: http://www.econ.mq.edu.au/
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Related research
Keywords: Walrasian equilibrium; Pareto improvement; gift;

Find related papers by JEL classification:
C62 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Existence and Stability Conditions of Equilibrium
D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
P41 - Economic Systems - - Other Economic Systems - - - Planning, Coordination, and Reform

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  1. Kranich, Laurence J., 1988. "Altruism and efficiency : A welfare analysis of the Walrasian mechanism with transfers," Journal of Public Economics, Elsevier, vol. 36(3), pages 369-386, August. [Downloadable!] (restricted)
    Other versions:
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This page was last updated on 2009-11-19.

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