Mutually altruistic trends in resources allocation

Peter Vadasz

Physica A: Statistical Mechanics and its Applications, 2005, vol. 347, issue C, 653-672

Abstract: Solutions to a series of apparent paradoxes arising in problems dealing with resources allocation under mutually altruistic conditions are presented. In particular, Bergstrom's lovers’ dilemma (J. Econ. Perspect. 3 (1989) 165) is dealt with as an explicit example of such apparent paradoxes. Bergstrom's discovery of a transition point in utility functions that express altruistic relationships is shown to apply generally to any non-indifferent relationship (and not necessarily altruistic) between consumers, and to general utility functions.

Keywords: Utility functions; Resources allocation; Altruism; Benevolence; Optimisation (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:347:y:2005:i:c:p:653-672

DOI: 10.1016/j.physa.2004.09.015

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