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Opportunity fairness and equal income Lindahl equilibrium
(2010-03-23)
In this paper we propose a concept of opportunity fairness for economies in which there are public goods and establish its equivalence with the concept of an equal income Lindahl equilibrium.
Optional linear income taxation: a new approach
(2010-03-23)
In this paper we propose a new approach to the theory of optimal taxation. We present the outlines of a theory which combines distributive justice will allocative efficiency. This is aimed to be a mere starting point of a ...
A negotiation procedure converging to the Nash bargaining solution
(2010-03-29)
In this paper we propose a negotiation procedure for the bilateral monopoly problem, solutions of which converge to the Nash bargaining solution. In this paper we have established a convergent negotiation procedure for the ...
Population monotonicity and the constrained equal awards solution for rationing problems
(2010-04-06)
In this paper, we axiomatically characterize the Constrained Equal Awards Solution for Rationing Problems, using the axioms of No-Envy, Population Monotonicity, Resource Continuity and replication invariance.
Resource monotonicity of bargaining solutions
(2010-07-13)
In this paper we establish that main solutions to bargaining problems display a resource monoticity property in bilateral monopoly situations when preferences exhibit consumption externalities. Suitable assumptions are ...
A compromise solution for claims problems
(2010-03-29)
The purpose of this paper is to axiomatically characterize a compromise solution for claims problems which satisfies invariance under affine utility transformations. The more well known solutions for claims problems do not ...
Axiomatic characterizations of solutions for rationing problems
(2010-07-27)
Situations abound in the real world, where aggregate demand for a commodity exceeds aggregate supply. When such situations of excess demand occur, what is required is some kind of rationing. The literature on rationing ...
A negotiation procedure converging to the egalitarian solution
(2010-03-29)
This paper proposes a negotiation procedure, solutions of which converge to the egalitarian solution in two person bargaining problems. In this paper, we have defined a procedure, solutions of which converge to the egalitarian ...
Strongly fair allocations in economies with production
(2010-07-27)
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 ...
Pricing economic inequality
(2010-03-24)
In this paper we propose a mechanism which decentralizes the creation of economic inequality. A personalized price for the public good/bad (i.e. economic inequality), determines the choice of disposable income by an ...