Linear production;
Walrasian solution;
Efficiency;
Equal treatment of equals;
Strategy-proofness;
Homothetic;
Quasi-linear;
C78;
D71;
D O I:
暂无
中图分类号:
学科分类号:
摘要:
In an economy with linear production, under a richness condition on the domain of preferences, efficiency, equal treatment of equals, and strategy-proofness are compatible. We characterize the rules satisfying the three properties. They are “equal-income Walrasian rules”, selections from the equal-income Walrasian correspondence. Important domains of preferences (e.g. homothetic preferences and quasi-linear preferences) satisfy the condition. These domains are important, yet they are not covered by Maniquet and Sprumont (Econ. Theory 14(3):583–595, 1999) who characterize the same family of rules on a different domain. Our condition and theirs are logically independent.
机构:
Technion Israel Inst Technol, Fac Ind Engn & Management, IL-32000 Haifa, IsraelTechnion Israel Inst Technol, Fac Ind Engn & Management, IL-32000 Haifa, Israel
Lavi, Ron
May, Marina
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机构:
Technion Israel Inst Technol, Fac Ind Engn & Management, IL-32000 Haifa, IsraelTechnion Israel Inst Technol, Fac Ind Engn & Management, IL-32000 Haifa, Israel
机构:
Fed Reserve Bank St Louis, Res Div, POB 442, St Louis, MO 63166 USAFed Reserve Bank St Louis, Res Div, POB 442, St Louis, MO 63166 USA
Chien, YiLi
Wen, Yi
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机构:
Fed Reserve Bank St Louis, Res Div, POB 442, St Louis, MO 63166 USA
Shanghai Jiao Tong Univ, Antai Sch Econ & Management, Shanghai, Peoples R ChinaFed Reserve Bank St Louis, Res Div, POB 442, St Louis, MO 63166 USA