Strongly Fair Allocations in Economies with Production

Somdeb Lahiri

IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: In this paper we show that essentially the only mechanism which is strongly fair in an economy with production is the equal income marginal cost pricing (EIMCP) mechanism. A variant of the analysis would prove that the only mechanism which guarantees strongly fair net trades is the marginal cost pricing (MCP) mechanism.

Date: 1992-11-01
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Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:wp01144

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