The first result in this paper says that given any efficient non-monetary allocation there is a balanced vector of transfers so that the resulting allocation is fair. The second result here says that given any efficient non-monetary allocation there is a pricing function defined on consumption bundles and a balanced vector of transfers so that they together form a non-linear market equilibrium. The first result is used to establish the second. Subsequently we prove the existence of egalitarian equivalent solutions for package assignment problems and shows that they satisfy the “fair share guaranteed” property.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
8444.
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Find related papers by JEL classification: C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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