IDEAS home Printed from https://ideas.repec.org/a/ecm/emetrp/v61y1993i3p575-87.html
   My bibliography  Save this article

Consistent Solutions in Atomless Economies

Author

Listed:
  • Thomson, William
  • Zhou, Lin

Abstract

The authors consider the problem of allocating a bundle of commodities among a group of agents who are collectively entitled to them. It is proved that, for an atomless economy with possibly satiated preferences, any solution that is efficient, equitable, and consistent must select allocations that are supported by equal-budget Walrasian equilibria with slack. Copyright 1993 by The Econometric Society.

Suggested Citation

  • Thomson, William & Zhou, Lin, 1993. "Consistent Solutions in Atomless Economies," Econometrica, Econometric Society, vol. 61(3), pages 575-587, May.
  • Handle: RePEc:ecm:emetrp:v:61:y:1993:i:3:p:575-87
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0012-9682%28199305%2961%3A3%3C575%3ACSIAE%3E2.0.CO%3B2-3&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nir Dagan, 1996. "Consistency and the Walrasian allocations correspondence," Economics Working Papers 151, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Nir Dagan, 1995. "Consistent solutions in exchange economies: A characterization of the price mechanism," Economics Working Papers 141, Department of Economics and Business, Universitat Pompeu Fabra.
    3. Stefan Ambec, 2008. "Sharing a resource with concave benefits," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(1), pages 1-13, June.
    4. Konovalov, A., 1998. "Core Equivalence in Economies With Satiation," Discussion Paper 1998-80, Tilburg University, Center for Economic Research.
    5. repec:bla:ijethy:v:13:y:2017:i:4:p:355-368 is not listed on IDEAS
    6. Serrano, Roberto & Volij, Oscar, 1998. "Axiomatizations of neoclassical concepts for economies," Journal of Mathematical Economics, Elsevier, vol. 30(1), pages 87-108, August.
    7. Klaus, Bettina & Klijn, Flip, 2013. "Local and global consistency properties for student placement," Journal of Mathematical Economics, Elsevier, vol. 49(3), pages 222-229.
    8. Sprumont, Yves & Zhou, Lin, 1999. "Pazner-Schmeidler rules in large societies," Journal of Mathematical Economics, Elsevier, vol. 31(3), pages 321-339, April.
    9. Justin Leroux, 2006. "A discussion of the consistency axiom in cost-allocation problems," Cahiers de recherche 06-13, HEC Montréal, Institut d'économie appliquée.
    10. Cato, Susumu, 2010. "Local strict envy-freeness in large economies," Mathematical Social Sciences, Elsevier, vol. 59(3), pages 319-322, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecm:emetrp:v:61:y:1993:i:3:p:575-87. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/essssea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.