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Procedures for Generating an Informationally Efficient Equitable Solution

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  • Lahiri Somdeb

Abstract

In this paper we consider two games which generate A-envy free allocations in a pure exchange economy with a fixed supply of resources and agents’ preferences being representable by utility functions. The first game is “classical divide and choose” whereas the second game is “equal division divide and choose”. A detailed analysis and comparison of the relative merits of the two games follow.

Suggested Citation

  • Lahiri Somdeb, 1989. "Procedures for Generating an Informationally Efficient Equitable Solution," IIMA Working Papers WP1989-02-01_00861, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:wp00861
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