Efficient Nash equilibria, individual rights and Pareto principle: an impossibility result
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References listed on IDEAS
- Gibbard, Allan, 1974. "A Pareto-consistent libertarian claim," Journal of Economic Theory, Elsevier, vol. 7(4), pages 388-410, April.
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More about this item
KeywordsLiberal paradox; efficient Nash equilibrium; Pareto principle; dictatorial games;
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
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