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...

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Publicado en:	International Economic Review Vol. 45; no. 1; pp. 79 - 112
Autor principal:	Tian, Guoqiang
Formato:	Artículo
Publicado:	Wiley-Blackwell February 2004
Materias:	Mathematical models of consumption Resource allocation > Mathematical models Externalities Information theory in economics
Acceso en línea:	Ver este registro en EBSCOhost