The fundamentals of monotone processes reviewed through an inefficiency measure.
Allocation mechanisms considered to be monotone processes because they generate sequences of resource allocations along which the satisfaction of every agent is increasing, or at least not decreasing, were examined to determine the fundamentals of the monotone process. The model consisted of a pure...
| Published in: | Quarterly Journal of Economics Vol. 107; pp. 1125 - 1137 |
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| Format: | Article |
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Oxford University Press / UK
August 1992
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| Online Access: | View this record in EBSCOhost |