EconPapers    
Economics at your fingertips  
 

Efficient Egalitarian Equivalent Allocations over a Single Good

Marco LiCalzi () and Antonio Nicolo' ()

Microeconomics from EconWPA

Abstract: This paper studies efficient and egalitarian allocations over a single heterogeneous and infinitely divisible good. We prove the existence of such allocations using only measure-theoretic arguments. Under the additional assumption of complete information, we identify a sufficient condition on agents’ preferences that makes it possible to apply the Pazner-Schmeidler rule for uniquely selecting an efficient egalitarian equivalent allocation. Finally, we exhibit a simple procedure that implements the Pazner-Schmeidler selection in a subgame-perfect equilibrium.

Keywords: egalitarism; equity; fair division; implementation; no-envy. (search for similar items in EconPapers)
JEL-codes: D1 D2 D3 D4 (search for similar items in EconPapers)
Date: 2005-10-31
Note: Type of Document - pdf; pages: 20. 20 pages, pdf, prepared from pdftex
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://econwpa.repec.org/eps/mic/papers/0510/0510014.pdf (application/pdf)

Related works:
Journal Article: Efficient egalitarian equivalent allocations over a single good (2009) Downloads
Working Paper: Efficient Egalitarian Equivalent Allocations over a Single Good (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpmi:0510014

Access Statistics for this paper

More papers in Microeconomics from EconWPA
Series data maintained by EconWPA ().

 
Page updated 2017-10-08
Handle: RePEc:wpa:wuwpmi:0510014