The Replacement Principle in Economies with Indivisible Goods
We address the problem of allocating indivisible goods and some amount of an infinitely divisible good among agents with equal rights on these resources. Our specific objective is to investigate the implications of the following requirement on allocation rules : when the preferences of some of the agents change, all agents with fixed preferences are affected in the same direction : they all (weakly gain), or they all (weakly) lose.
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|Date of creation:||1995|
|Date of revision:|
|Contact details of provider:|| Postal: University of Rochester, Center for Economic Research, Department of Economics, Harkness 231 Rochester, New York 14627 U.S.A.|
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