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The paper proposes a notion of fairness which overcomes the conflict arising between efficiency and the absence of envy …
Persistent link: https://www.econbiz.de/10009397215
We use a mixed market model for analyzing economies with public projects in which the condition of perfect competition is violated. We discuss core-equivalence results in the general framework of non-Euclidean representation of the collective goods. We show that if large traders are similar to...
Persistent link: https://www.econbiz.de/10008684955
and envy-freeness when the equity of allocations is evaluated at the {\it interim} stage. Some characterizations of …
Persistent link: https://www.econbiz.de/10008590666