The solidarity axiom in parametric surplus-sharing problems

Keiding, H. and Moulin, H. (1991) The solidarity axiom in parametric surplus-sharing problems. Journal of Mathematical Economics, 20(3), pp. 249-270. (doi:10.1016/0304-4068(91)90031-N)

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Abstract

A parametric surplus-sharing problem is given by a set X of feasible utility vectors and a disagreement utility vector d, both depending upon an exogenous parameter. We examine the existence of a surplus-sharing solution such that the outcomes selected in any two problems are Pareto comparable. We characterize existence and show how to apply this result to several micro-economic problems. These problems include distribution of private goods, production economies where the production process is jointly owned and collusion in an oligopoly.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Moulin, Professor Herve
Authors: Keiding, H., and Moulin, H.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Journal of Mathematical Economics
ISSN:0304-4068
ISSN (Online):1873-1538

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