The Walrasian Distribution of Opportunity Sets: An Axiomatic Characterization
Economic systems generate various distributions of opportunity sets for individuals to choose consumption bundles. This paper presents an axiomatic analysis on distributions of opportunity sets. We introduce several reasonable properties of distributions of opportunity sets, and characterize the distributions of opportunity sets in the market economy by these properties.
|Date of creation:||Dec 2010|
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- Barbera, S. & Bossert, W. & Pattanaik, P.K., 2001.
"Ranking Sets of Objects,"
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2001-02, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
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