Add to ORKGThe set of Pareto improving trades can be characterized as a linear space spanned by a relative low dimension set of cyclic trades. Thus, an equilibrium w.r.t. such a basis, implies efficiency. 1.1. The Problem The first theorem of welfare economics demonstrates that, under appropriate conditions regarding allowable trades and with certain restrictions on agents’ preferences, an equilibrium will result in an efficient allocation among consumers
textabstractThe paper argues that the notion of Pareto efficiency builds on two normative assumption...
In a social choice context, we ask whether there exists a system of transfers and regulations whereb...
International audienceThis paper studies the welfare improvement properties of a market of allowance...
A version of the Second Fundamental Theorem of Welfare Economics that applies to a money-free enviro...
This article is concerned with the welfare properties of trade when the behavior of agents cannot be...
We revisit the jungle economy of Piccione and Rubinstein (Econ J 117(July):883–896, 2007) in which t...
International audienceCompendious and thorough solutions to the existence of a linear price equilibr...
Perhaps the single most enduring theme in economics is that of the social desirability of the compet...
A competitive market mechanism is a prominent example of a nonbinary social choice rule, typically d...
We consider an exchange economy with time-inconsistent consumers whose preferences are additively se...
In this paper we review the literature on Pareto gains from trade. We start by discussing the distri...
This paper studies the welfare improvement properties of a market of allowances in an economy with a...
This paper considers market economies involving the choice of a public environment when there are no...
Sequential allocation is a simple and attractive mechanism for the allocation of indivisible goods u...
Allocation and exchange of discrete resources such as kidneys, school seats, and many other resource...
textabstractThe paper argues that the notion of Pareto efficiency builds on two normative assumption...
In a social choice context, we ask whether there exists a system of transfers and regulations whereb...
International audienceThis paper studies the welfare improvement properties of a market of allowance...
A version of the Second Fundamental Theorem of Welfare Economics that applies to a money-free enviro...
This article is concerned with the welfare properties of trade when the behavior of agents cannot be...
We revisit the jungle economy of Piccione and Rubinstein (Econ J 117(July):883–896, 2007) in which t...
International audienceCompendious and thorough solutions to the existence of a linear price equilibr...
Perhaps the single most enduring theme in economics is that of the social desirability of the compet...
A competitive market mechanism is a prominent example of a nonbinary social choice rule, typically d...
We consider an exchange economy with time-inconsistent consumers whose preferences are additively se...
In this paper we review the literature on Pareto gains from trade. We start by discussing the distri...
This paper studies the welfare improvement properties of a market of allowances in an economy with a...
This paper considers market economies involving the choice of a public environment when there are no...
Sequential allocation is a simple and attractive mechanism for the allocation of indivisible goods u...
Allocation and exchange of discrete resources such as kidneys, school seats, and many other resource...
textabstractThe paper argues that the notion of Pareto efficiency builds on two normative assumption...
In a social choice context, we ask whether there exists a system of transfers and regulations whereb...
International audienceThis paper studies the welfare improvement properties of a market of allowance...