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Udry (1996) uses household survey data and finds that the allocation of resources within households is Pareto …
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This paper investigates fair (i.e., envy free and efficient) allocations in an overlapping generations economy without production and with two - period lived agents. We show that there exists a conflict between no-envy and efficiency when all generations have identical preferences. This conflict...
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-envy solution on domains of economies where the set of feasible allocations is symmetric (an allocation obtained from a feasible … allocation by interchanging the bundles of two agents is also feasible) and preferences are complete (each agent can compare any … classical model of fair allocation, the unidimensional single-peaked model, cake division model, and allocation of indivisible …
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We provide priority-constrained versions of the ordinal efficiency welfare theorem for school choice lotteries. Moreover, we show that a constrained version of a cardinal second welfare theorem fails to hold, but can be restored for a relaxed notion of equilibrium with priority-specific prices
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capitalization and capital allocation where the liability portfolio is fixed. We show that this approach yields overall …
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We consider the problem of the fair allocation of indivisible goods and money with non-quasi-linear preferences. The … domain-richness condition, each individual obtains the welfare level of his “optimal” envy-free allocation by maximally …
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