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This paper examines and compares mechanisms for finding Pareto optimal solutions to a many-to-many allocation problem. By explicitly introducing preference ordering and providing linear programming representations of the allocation problem, we study serial dictatorship and competitive matching...
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In this ambitious book, the authors challenge mainstream economic theory by reconsidering the principle of …In this book the authors challenge mainstream economic theory by removing the principle of individualism from its …
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This is an ambitious book. Our main goal is to challenge the mainstream economic theory by removing the principle of …
Persistent link: https://www.econbiz.de/10002259701
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A large share of public funds is spent on private goods (education, health care, day care, etc.). This paper integrates two different approaches to the analysis of public provision of private goods. While normative public economics has established an efficiency case for such provision, the...
Persistent link: https://www.econbiz.de/10011588509