Supportability, Sustainability, and Subsidy-Free Prices

Leonard Mirman, Yair Tauman () and Israel Zang

RAND Journal of Economics, 1985, vol. 16, issue 1, 114-126

Abstract: This article studies the relationships among the concepts of subsidy-free prices, anonymously equitable prices, supportability, and sustainability. In particular, we set out conditions under which these concepts are not vacuous. Several new sets of conditions under which a subsidy-free price vector is sustainable are also presented. For general, nonseparable demands, we establish the existence of an Aumann-Shapley price vector that is anonymously equitable and sustainable.

Date: 1985
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Working Paper: Supportability, Sustainability and Subsidy Free Prices (1983)
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