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Many scarce public resources are allocated at below-market-clearing prices, and sometimes for free. Such "non-market" mechanisms necessarily sacrifice some surplus, yet they can potentially improve equity. In this paper, we develop a model of mechanism design with redistributive concerns. Agents...
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We say that a social choice function is sensitive to collective change if whenever all inputs change, the outcome necessarily changes. Then, we prove that a social choice function is sensitive to collective change if and only if it is dictatorial. This provides a new interpretation of the...
Persistent link: https://www.econbiz.de/10014130453