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Pareto efficiency in the jungle
Houba, Harold; Luttens, Roland Iwan; Weikard, Hans-Peter - 2014
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
Persistent link: https://www.econbiz.de/10010421741
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Stone Age Equilibrium
Houba, Harold; Weikard, Hans-Peter - 2009
exchange is either coercive or voluntary, and relative strength governs power relations in coercive exchange. We stress the … importance of free disposal of goods which allows for excess holdings larger than consumption, thereby modelling the power to …
Persistent link: https://www.econbiz.de/10010325690
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Saving Private Pareto
Houba, Harold; Luttens, Roland Iwan; Weikard, Hans-Peter - 2013
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) and relax the assumptions on consumption sets and preferences. We show that initial holdings are irrelevant for lexicographic welfare maximization. Equilibria other than such maximizers can be...
Persistent link: https://www.econbiz.de/10010326389
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Pareto Efficiency in the Jungle
Houba, Harold; Luttens, Roland Iwan; Weikard, Hans-Peter - 2014
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
Persistent link: https://www.econbiz.de/10010491374
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Stone age equilibrium
Houba, Harold; Weikard, Hans-Peter - 2009
exchange is either coercive or voluntary, and relative strength governs power relations in coercive exchange. We stress the … importance of free disposal of goods which allows for excess holdings larger than consumption, thereby modelling the power to …
Persistent link: https://www.econbiz.de/10011379336
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Saving private Pareto
Houba, Harold; Luttens, Roland Iwan; Weikard, Hans-Peter - 2013
Persistent link: https://www.econbiz.de/10010191408
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Pareto efficiency in the jungle
Houba, Harold; Luttens, Roland Iwan; Weikard, Hans-Peter - In: Review of economic design : RED 21 (2017) 3, pp. 153-161
Persistent link: https://www.econbiz.de/10011900130
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Pareto Efficiency in the Jungle
Houba, Harold; Luttens, Roland Iwan; Weikard, Hans-Peter - Tinbergen Instituut - 2014
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
Persistent link: https://www.econbiz.de/10011255490
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Stone Age Equilibrium
Houba, Harold; Weikard, Hans-Peter - Tinbergen Instituut - 2009
exchange is either coercive or voluntary, and relative strength governs power relations in coercive exchange. We stress the … importance of free disposal of goods which allows for excess holdings larger than consumption, thereby modelling the power to …
Persistent link: https://www.econbiz.de/10011255884
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Stone Age Equilibrium
Houba, Harold; Weikard, Hans-Peter - Tinbergen Institute - 2009
exchange is either coercive or voluntary, and relative strength governs power relations in coercive exchange. We stress the … importance of free disposal of goods which allows for excess holdings larger than consumption, thereby modelling the power to …
Persistent link: https://www.econbiz.de/10008513226