Allocation rules for a commonly owned technology: the average cost lower bound.
The writer examines the compatibilities and incompatibilities between the average cost lower bound and other ethically attractive equity requirements that need to be satisfied when studying equity in economic environments. He defines the average cost lower bound as the requirement that every agent...
| Publicado en: | Journal of Economic Theory Vol. 69; pp. 490 - 508 |
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| Formato: | Artículo |
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Academic Press Inc.
May 1996
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512786562&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512786562 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220531 RTH jtl: Journal of Economic Theory issn: 00220531 maglogo: N pubinfo: dt: May 1996 vid: 69 pid: 735 pub: Academic Press Inc. artinfo: ui: 512786562 10.1006/jeth.1996.0065 ppf: 490 ppct: 18 formats: tig: atl: Allocation rules for a commonly owned technology: the average cost lower bound. aug: au: Maniquet, François su: Input-output analysis Resource allocation -- Mathematical models Externalities Cost Technology Mathematical models sug: subj: Input-output analysis Resource allocation -- Mathematical models Externalities Cost Technology Mathematical models ab: The writer examines the compatibilities and incompatibilities between the average cost lower bound and other ethically attractive equity requirements that need to be satisfied when studying equity in economic environments. He defines the average cost lower bound as the requirement that every agent must be as well off at a selected allocation as at the average cost equilibrium that all agents prefer. He combines the new lower bound with properties such as technological monotonicity or contraction independence to characterize Mas-Colell's constant returns equivalent allocation rule. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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