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The Replacement Principle in Economies with Indivisible Goods

William Thomson

RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: We address the problem of allocating indivisible goods and some amount of an infinitely divisible good among agents with equal rights on these resources. Our specific objective is to investigate the implications of the following requirement on allocation rules : when the preferences of some of the agents change, all agents with fixed preferences are affected in the same direction : they all (weakly gain), or they all (weakly) lose.

Keywords: ECONOMIC MODELS; GOODS (search for similar items in EconPapers)
JEL-codes: C51 (search for similar items in EconPapers)
Date: 1995
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Journal Article: The replacement principle in economies with indivisible goods (1997) Downloads
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