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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