Title of article :
Efficiency and income redistribution in the single-peaked preferences model with several commodities
Author/Authors :
Pablo Amor?s، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1999
Pages :
9
From page :
341
To page :
349
Abstract :
We consider the problem of allocating m infinitely divisible commodities among agents with single-peaked preferences. We propose a variation on the Mas–Colell’s Walrasian solution with slacks to characterize the efficient allocations. Our solution allows us to associate with each efficient allocation an income redistribution. We prove that the original solution proposed by Mas–Colell is the efficient selection which requires an income redistribution where the maximum payoff and the maximum subsidy are smallest. This generalizes a derivation of the Uniform Rule by Schummer and Thomson.
Keywords :
Single-peaked preferences , Walrasian equilibrium with slacks
Journal title :
Economics Letters
Serial Year :
1999
Journal title :
Economics Letters
Record number :
434709
Link To Document :
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