A necessary and sufficient condition for Walrasian social choice.

The writer discusses Walrasian resource allocations in terms of social choice axioms, each of which reflects concepts of collective rationality, ethical considerations, and/or informational constraints. Drawing on Debreu-Scarf's core convergence theory, he argues that the Walras rule is the only rul...

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Bibliographic Details

Published in:	Journal of Economic Theory Vol. 62; pp. 186 - 209
Main Author:	Nagahisa, Ryo-ichi
Format:	Article
Published:	Academic Press Inc. February 1994
Subjects:	Resource allocation > Mathematical models Core & periphery (Economic theory) Social choice Mathematical models
Online Access:	View this record in EBSCOhost