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-to-poorer transfers that preserve the overall efficiency of the distribution. This transfer principle - together with the basic axioms of …
Persistent link: https://www.econbiz.de/10011856642
In this paper, we show that in pure exchange economies where the number of goods equals or exceeds the number of agents, any Pareto-efficient and strategy-proof allocation mechanism always allocates the total endowment to some single agent even if the receivers vary.
Persistent link: https://www.econbiz.de/10011744271
deterministic assignment in its support is Pareto efficient. We show that ordinal efficiency implies robust ex-post Pareto … efficiency while the reverse does not hold. We know that strategy-proof and ordinal efficient mechanisms satisfy neither equal … weakening ordinal efficiency to robust ex-post Pareto efficiency …
Persistent link: https://www.econbiz.de/10013296832
Although there is a vast theoretical literature on the existence of a tradeoff between equity and efficiency, empirical … (b) whether some social systems are actually better in coping with the trade-off between equity and efficiency. -- Equity … ; efficiency ; tradeoff ; welfare states …
Persistent link: https://www.econbiz.de/10003800419
Although there is a vast theoretical literature on the existence of a tradeoff between equity and efficiency, empirical … (b) whether some social systems are actually better in coping with the trade-off between equity and efficiency. -- equity … ; efficiency ; tradeoff ; welfare states …
Persistent link: https://www.econbiz.de/10003783062
The view that intergenerational distributive justice and efficiency should be treated separately is familiar, yet … distributive justice and efficiency, the choice of interest rate for discounting dollars, and how the present approach relates to …
Persistent link: https://www.econbiz.de/10012760791
develop a risk-based optimization method that achieves equity and efficiency. I applied this method to 4405 electric … multiple policy goals, including both equity and efficiency … that maximize health benefits while reducing cross-state transport of air pollutants. A scenario considering only efficiency …
Persistent link: https://www.econbiz.de/10012862172
equity. This paper introduces three ways to consider efficiency and equity simultaneously. The first method, inspired by Kant …
Persistent link: https://www.econbiz.de/10014172882
efficiency. Recent revisions have introduced the concepts of sustainability and anti-corruption. Decision makers are now …
Persistent link: https://www.econbiz.de/10013251218
efficiency and equity of the final outcome. Furthermore, these tendencies are stronger when the two players have conflicting …
Persistent link: https://www.econbiz.de/10011617904