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http://hdl.handle.net/11718/6427| Title: | Strongly fair allocations in economies with production |
| Authors: | Lahiri, Somdeb |
| Keywords: | Fair allocations;Production |
| Issue Date: | 27-Jul-2010 |
| Series/Report no.: | WP;1992/1068 |
| 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. |
| URI: | http://hdl.handle.net/11718/6427 |
| Appears in Collections: | Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| WP 1992_1068.pdf | 182.27 kB | Adobe PDF | View/Open |
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