Beliefs and Pareto efficient sets: a remark.
We show that, in a two-period economy with uncertainty in the second period, if an allocation is Pareto optimal for a given set of beliefs and remains optimal when these beliefs are changed, then the set of optimal allocations of the two economies must actually coincide. We identify equivalence clas...
| Publicado en: | Journal of Economic Theory Vol. 106; no. 2; pp. 467 - 472 |
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| Autores principales: | , |
| Formato: | Artículo |
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Academic Press Inc.
October 2002
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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=513153282&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 513153282 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: October 2002 vid: 106 iid: 2 pid: 735 pub: Academic Press Inc. artinfo: ui: 513153282 10.1006/jeth.2001.2899 ppf: 467 ppct: 5 formats: tig: atl: Beliefs and Pareto efficient sets: a remark. aug: au: Gajdos, Thibault Tallon, Jean-Marc su: Welfare economics Resource allocation -- Mathematical models sug: subj: Welfare economics Resource allocation -- Mathematical models ab: We show that, in a two-period economy with uncertainty in the second period, if an allocation is Pareto optimal for a given set of beliefs and remains optimal when these beliefs are changed, then the set of optimal allocations of the two economies must actually coincide. We identify equivalence classes of beliefs, giving rise to the same set of Pareto optimal allocations. Journal of Economic Literature Classification Numbers: D51, D61. |Sc 2002 Elsevier Science (USA) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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