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Local envy-freeness and equal-income Walrasian allocations

Sususmu Cato ()

Economics Letters, 2010, vol. 107, issue 2, 239-241

Abstract: This paper introduces a local version of envy-freeness and investigates its implications in a continuum agent economy with connected preferences. We show that the set of locally envy-free and Pareto efficient allocations coincides with the set of equal-income Walrasian allocations.

Keywords: Envy-freeness; Equal-income; Walrasian; allocation; Pareto; efficiency (search for similar items in EconPapers)
Date: 2010
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Handle: RePEc:eee:ecolet:v:107:y:2010:i:2:p:239-241