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This paper explores how the viability of anarchy depends on the decisiveness parameter that determines the marginal … appropriative competition the same resource that they are competing to appropriate, anarchy appears to be fragile, because in this … model equilibrium consumption would be adequate for the viability of anarchy only if the decisiveness parameter were small …
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The purpose of this paper is twofold. We first develop a contractarian theory of redistribution. The existence of rules … in trade. The second purpose of the paper is to develop a theory of institutions that implement optimal allocations. We …
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