The Walrasian Distribution of Opportunity Sets: An Axiomatic Characterization

Koichi Tadenuma and Yongsheng Xu

Global COE Hi-Stat Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: Economic systems generate various distributions of opportunity sets for individuals to choose consumption bundles. This paper presents an axiomatic analysis on distributions of opportunity sets. We introduce several reasonable properties of distributions of opportunity sets, and characterize the distributions of opportunity sets in the market economy by these properties.

Keywords: distribution of opportunity sets; market economy; Walrasian distribution; axiomatic characterization (search for similar items in EconPapers)
JEL-codes: D50 D60 D70 P00 (search for similar items in EconPapers)
Date: 2010-12
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Citations: View citations in EconPapers (1)

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http://gcoe.ier.hit-u.ac.jp/research/discussion/2008/pdf/gd10-158.pdf (application/pdf)

Related works:
Working Paper: The Walrasian Distribution of Opportunity Sets: An Axiomatic Characterization (2010)
Working Paper: The Walrasian Distribution of Opportunity Sets: An Axiomatic Characterization (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hst:ghsdps:gd10-158

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