Accessibility of Pareto optima

Bernard Cornet

Journal of Mathematical Economics, 2024, vol. 115, issue C

Abstract: Non-tâtonnement processes and planning procedures have been defined in different economic contexts, as dynamic processes to reach efficient allocations, with or without price adjustment, satisfying the property that, along the process, the utility of every agent is non-decreasing and transactions can occur, thus making a clear distinction with the study of tâtonnement processes whose goal is to reach competitive equilibria with transactions occurring only at equilibrium.

Keywords: Non-tâtonnement process; Barter and exchange process; Planning procedure; Pareto optima (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:115:y:2024:i:c:s0304406824001198

DOI: 10.1016/j.jmateco.2024.103059

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