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Fairness and Formation Rules of Coalitions

Author

Listed:
  • Chiara Donnini

    (Università di Napoli Parthenope)

  • Maria Laura Pesce

    (Università di Napoli Federico II and CSEF)

Abstract

In this paper, we study the problem of a fair redistribution of resources among agents of an exchange economy and how certain limitations imposed on coalition formation may impact the set of allocations judged fair. The study is conducted in atomless economies as well as in the so-called mixed markets.

Suggested Citation

  • Chiara Donnini & Maria Laura Pesce, 2021. "Fairness and Formation Rules of Coalitions," CSEF Working Papers 624, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 24 May 2023.
    • Handle: RePEc:sef:csefwp:624
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    File URL: https://www.csef.it/WP/wp624.pdf
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    References listed on IDEAS

    as
    1. Gabszewicz, Jean Jaskold & Mertens, Jean-Francois, 1971. "An Equivalence Theorem for the Core of an Economy Whose Atoms Are Not 'Too' Big," Econometrica, Econometric Society, vol. 39(5), pages 713-721, September.
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    5. Herves-Beloso, Carlos & Moreno-Garcia, Emma & Nunez-Sanz, Carmelo & Rui Pascoa, Mario, 2000. "Blocking Efficacy of Small Coalitions in Myopic Economies," Journal of Economic Theory, Elsevier, vol. 93(1), pages 72-86, July.
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    12. Chiara Donnini & Marialaura Pesce, 2020. "Strict fairness of equilibria in asymmetric information economies and mixed markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(1), pages 107-124, February.
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    18. Achille Basile & Robert P. Gilles & Maria Gabriella Graziano & Marialaura Pesce, 2021. "The Core of economies with collective goods and a social division of labour," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 1085-1119, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Fairness; Envy-freeness; Equal-income Walrasian allocations; Coalitions.;
    All these keywords.

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

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