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Об Одной Модели Перераспределения Ресурсов
[A Model of Resource Redistribution]

Author

Abstract

Consider an economy with n resources (goods) and m agents, and let initial resource allocation be given. We ask if it is possible to build a mutually beneficial bargaining sequence that approaches an optimal resource allocation even though a) only k ≤ n agents participates at each step of the bargaining sequence, and b) they use only information about participants of the exchange. We answer this question using a new concept of quasi - summator functions. In particular, the answer is positive if k > n and all agent utility functions are concave.

Suggested Citation

  • Polterovich, Victor, 1970. "Об Одной Модели Перераспределения Ресурсов
    [A Model of Resource Redistribution]
    ," MPRA Paper 22205, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22205
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    File URL: https://mpra.ub.uni-muenchen.de/22205/1/MPRA_paper_22205.pdf
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    Cited by:

    1. Ivan Boldyrev & Olessia Kirtchik, 2014. "General Equilibrium Theory behind the Iron Curtain: The Case of Victor Polterovich," History of Political Economy, Duke University Press, vol. 46(3), pages 435-461, Fall.
    2. Маракулин В.М., 2014. "О Договорном Подходе В Моделях Экономики Типа Эрроу-Дебре-Маккензи," Журнал Экономика и математические методы (ЭММ), Центральный Экономико-Математический Институт (ЦЭМИ), vol. 50(1), pages 61-79, январь.

    More about this item

    Keywords

    bargain (exchange); resource redistribution (reallocation); Khelli's Theorem; deadlock point; quasi-summator function;

    JEL classification:

    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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