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...

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Bibliographic Details

Published in:	Journal of Economic Theory Vol. 69; pp. 490 - 508
Main Author:	Maniquet, François
Format:	Article
Published:	Academic Press Inc. May 1996
Subjects:	Input-output analysis Resource allocation > Mathematical models Externalities Cost Technology Mathematical models
Online Access:	View this record in EBSCOhost