This paper summarizes the concepts of global cones and limited arbitrage introduced in Chichilnisky (Economic Theory …, 1995, 5, 79-108), and the corresponding results establishing that limited arbitrage is necessary and sufficient for the … arbitrage. This invariant encodes exact information on the equilibria and on the social diversity of the economy and all its …

The property of an allocation rule to be implementable in dominant strategies by a unique payment scheme is called …

This paper studies allocation correspondences in the house allocation problems with collective initial endowments. We … examine the implications of two axioms, namely “consistency” and “unanimity.” Consistency requires the allocation … correspondence be invariant under reductions of population. Unanimity requires the allocation correspondence respect unanimity, that …

This paper considers the object allocation problem introduced by Shapley and Scarf (1974). We study secure …

Problem ; Sequential Sharing Rule ; Bankruptcy Problem ; Water Allocation …