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Now showing items 71-80 of 132
Public services subject to congestion: a reexamination
(2010-03-24)
In this paper we reformulate the problem posed by public services subject to congestion in a manner consistent with economic theory and obtain first and second best solutions to the problem.
Axiomatic characterization of the equal income market equilibrium choice correspondence in non convex economies
(2010-04-01)
A property of allocation rules (in problems involving fair division of infinitely divisible goods amongst a finite number of agents) that has received considerable attention in recent literature is consistency. The property ...
Quasi utilitarian choice function for multi attribute choice problems
(2010-04-17)
This paper was written when I was visiting the Centre for Research in Economics and Statistics (CREST), ENSAE (France) during November and December 1993 on a French government fellowship. I would like to thank my hosts for ...
Revealed preference and utilitarianism in multiattribute choice problems
(2010-04-05)
In this paper we have investigated two related issues: (a) representability of a choice function: (b) characterization of a representable choice functions, namely the utilitarian choice function. Probably the most well-known ...
Characterizing the equal income market equilibrium choice correspondence: Average envy freeness instead of individual rationality from equal division
(2010-04-01)
In problems of fair division of a given bundle of resources, amongst a finite number of agents, individual rationality from equal division plays a significant role. In a society, where all resources are socially owned, one ...
Fix price equilibria in destribution economies
(2010-03-25)
In this paper we consider a distribution economy which is dictated by the conditions of the non-substitution theorem for linear economic models of production. Although flexible prices in the consumption section are perfectly ...
Revealed preference under rationing
(2010-03-31)
In this paper we extend the weak and strong axioms of revealed preference to markets with rationing and establish that if the observed demand behaviour in such markets satisfy the strong axiom of revealed preference, then ...
Calculus approach to the existence of market equilibria in a distribution economy
(2010-03-26)
In this paper we prove the existence of market equilibria in distribution economies, without using any fixed-point theorems. Our method makes essential use of theorems in advanced calculus to establish the desired result.
Monotonicity of solutions with respect to the claims point
(2010-03-25)
In this paper we establish that a family of well-known normed compromise solutions for two-person claims problems respond appropriately to changes in the claims point. At the time of writing this paper, it was brought to ...
Affine cost share equilibria for economies with public goods
(2010-03-26)
In this paper we propose the concept of an affine cost share equilibrium and show that under natural assumptions any optimal allocation corresponds to an affine cost share equilibrium. With linear cost functions and under ...