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A transversal generated by a system of distinct representatives (SDR) for a colection of sets consists of an element from each set (its representative) such that the representative uniquely identifies the set it belongs to. Theorem 1 gives a necessary and sufficient condition that an arbitrary...
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For economies with one-sided externalities between firms, four types of results are presented and discussed: (i) the impossibility of decentralized finite-dimensional mechanisms guaranteeing Pareto optimality; (ii) the possibilities for Pigou taxes in situations where Arrovian markets cannot...
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A transversal generated by a system of distinct representatives (SDR) for a collection of sets consists of an element from each set (its representative) such that the representative uniquely identifies the set it belongs to. Theorem 1 gives a necessary and sufficient condition that an arbitrary...
Persistent link: https://www.econbiz.de/10005147299