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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.
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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 …
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ermittelt. Zu diesem Zweck wurde unter Verwendung von mikroökonomischen und Public-choice-Ansätzen eine Theorie des Angebots von …-ökonomischen Analyse der Hochschule 2. Die Analyse der alokativen Effizienz politischer Gleichgewichte bei traditioneller Budgetierung 3 …
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Should a social program be run at a higher or lower level of government? We consider a government-run program supplying a private good to consumers. We focus on a tradeoff between the advantage of a high level of government in resource allocation and its disadvantage in consumer information. We...
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corollary is that ordinal efficiency is a strict refinement of ex-post efficiency at most preference profiles. …
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