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s-Optimality and Fairness
Oleh:
Svensson, Lars-Gunnar
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
INTERNATIONAL ECONOMIC REVIEW vol. 35 no. 2 (1994)
,
page 527-531.
Topik:
fairness
;
optimality
;
fairness
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
II49
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Consistency between Pareto optimality and no envy requires some assumptions on the structure of the set of Pareto optimal allocations. Here we prove that s - optimality - a concept first introduced by Campbell in his 1988 paper - is a sufficient condition. Campbell proved the equivalence between s - optimality and price equilibrium. Using a differentiability approach we also give a simple proof of that result.
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