A Unique Informationally Efficient Allocation Mechanism in Economies with Consumption Externalities.
This article investigates the informational requirements of resource allocation processes in pure exchange economies with consumption externalities. It is shown that the distributive Lindahl mechanism has a minimal informational size of the message space, and thus it is informationally the most effi...
| Publicado en: | International Economic Review Vol. 45; no. 1; pp. 79 - 112 |
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| Formato: | Artículo |
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Wiley-Blackwell
February 2004
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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=513166027&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 513166027 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00206598 IER jtl: International Economic Review issn: 00206598 maglogo: N pubinfo: dt: February 2004 vid: 45 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 513166027 10.1111/j.1468-2354.2004.00118.x ppf: 79 ppct: 33 formats: tig: atl: A Unique Informationally Efficient Allocation Mechanism in Economies with Consumption Externalities. aug: au: Tian, Guoqiang su: Mathematical models of consumption Resource allocation -- Mathematical models Externalities Information theory in economics sug: subj: Mathematical models of consumption Resource allocation -- Mathematical models Externalities Information theory in economics ab: This article investigates the informational requirements of resource allocation processes in pure exchange economies with consumption externalities. It is shown that the distributive Lindahl mechanism has a minimal informational size of the message space, and thus it is informationally the most efficient allocation process that is informationally decentralized and realizes Pareto-efficient allocations over the class of economies that include nonmalevolent economies. Furthermore, it is shown that the distributive Lindahl mechanism is the unique informationally efficient decentralized mechanism that realizes Pareto-efficient and individually rational allocations over a certain class of nonmalevolent economies. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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