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On the Manipulability of Resource Allocation Mechanism Designed to Achieve Individually-rational and Pareto-optimal Outcomes

1979
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Release : 1979
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Book Synopsis On the Manipulability of Resource Allocation Mechanism Designed to Achieve Individually-rational and Pareto-optimal Outcomes by : William Thomson

Download or read book On the Manipulability of Resource Allocation Mechanism Designed to Achieve Individually-rational and Pareto-optimal Outcomes written by William Thomson. This book was released on 1979. Available in PDF, EPUB and Kindle. Book excerpt:

On the Manipulability of Resource Allocation Mechanisms Designed to Achieve Individuallyrational and Pareto-optimal Outcomes

1979
Download On the Manipulability of Resource Allocation Mechanisms Designed to Achieve Individuallyrational and Pareto-optimal Outcomes PDF Online Free

Author :
Release : 1979
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis On the Manipulability of Resource Allocation Mechanisms Designed to Achieve Individuallyrational and Pareto-optimal Outcomes by : William Thomson

Download or read book On the Manipulability of Resource Allocation Mechanisms Designed to Achieve Individuallyrational and Pareto-optimal Outcomes written by William Thomson. This book was released on 1979. Available in PDF, EPUB and Kindle. Book excerpt:

Resource Allocation Mechanisms

1987-04-24 Business & Economics
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Release : 1987-04-24
Genre : Business & Economics
Kind : eBook
Book Rating : 904/5 ( reviews)

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Book Synopsis Resource Allocation Mechanisms by : Donald E. Campbell

Download or read book Resource Allocation Mechanisms written by Donald E. Campbell. This book was released on 1987-04-24. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to the theory of mechanism design, and a treatment of welfare economics.

Discussion Paper

Economics
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Genre : Economics
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A Unique Informationally Efficient Allocation Mechanism in Economies with Consumption Externalities

2004
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Release : 2004
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Book Synopsis A Unique Informationally Efficient Allocation Mechanism in Economies with Consumption Externalities by : Guoqiang Tian

Download or read book A Unique Informationally Efficient Allocation Mechanism in Economies with Consumption Externalities written by Guoqiang Tian. This book was released on 2004. Available in PDF, EPUB and Kindle. Book excerpt: This article investigates the informational requirements of resource allocation processes in pure exchange economies with consumption externalities. It is shown that the distributive Lindahl mechanism has a minimal informational size of the message space, and thus it is informationally the most efficient allocation process that is informationally decentralized and realizes Pareto-efficient allocations over the class of economies that include non-malevolent economies. Furthermore, it is shown that the distributive Lindahl mechanism is the unique informationally efficient decentralized mechanism that realizes Pareto-efficient and individually rational allocations over a certain class of nonmalevolent economies.

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