Efficient Egalitarian Equivalent Allocations over a Single Good
AbstractThis paper studies efficient and egalitarian allocations over a single heterogeneous and infinitely divisible good. We prove the existence of such allocations using only measure-theoretic arguments. Under the additional assumption of complete information, we identify a sufficient condition on agents’ preferences that makes it possible to apply the Pazner-Schmeidler rule for uniquely selecting an efficient egalitarian equivalent allocation. Finally, we exhibit a simple procedure that implements the Pazner-Schmeidler selection in a subgame-perfect equilibrium.
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Bibliographic InfoPaper provided by EconWPA in its series Microeconomics with number 0510014.
Length: 20 pages
Date of creation: 31 Oct 2005
Date of revision:
Note: Type of Document - pdf; pages: 20. 20 pages, pdf, prepared from pdftex
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egalitarism; equity; fair division; implementation; no-envy.;
Other versions of this item:
- Marco LiCalzi & Antonio Nicolò, 2009. "Efficient egalitarian equivalent allocations over a single good," Economic Theory, Springer, vol. 40(1), pages 27-45, July.
- Marco LiCalzi & Antonio Nicolo, 2007. "Efficient Egalitarian Equivalent Allocations over a Single Good," Working Papers 152, Department of Applied Mathematics, Università Ca' Foscari Venezia.
- D1 - Microeconomics - - Household Behavior
- D2 - Microeconomics - - Production and Organizations
- D3 - Microeconomics - - Distribution
- D4 - Microeconomics - - Market Structure and Pricing
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-05 (All new papers)
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