Lahiri, Somdeb (2008): Envyfree solutions, Nonlinear equilibrium and Egalitarianequivalence for the Package Assignment Problem.
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Abstract
The first result in this paper says that given any efficient nonmonetary allocation there is a balanced vector of transfers so that the resulting allocation is fair. The second result here says that given any efficient nonmonetary allocation there is a pricing function defined on consumption bundles and a balanced vector of transfers so that they together form a nonlinear market equilibrium. The first result is used to establish the second. Subsequently we prove the existence of egalitarian equivalent solutions for package assignment problems and shows that they satisfy the “fair share guaranteed” property.
Item Type:  MPRA Paper 

Original Title:  Envyfree solutions, Nonlinear equilibrium and Egalitarianequivalence for the Package Assignment Problem 
Language:  English 
Subjects:  C  Mathematical and Quantitative Methods > C7  Game Theory and Bargaining Theory > C79  Other D  Microeconomics > D6  Welfare Economics > D63  Equity, Justice, Inequality, and Other Normative Criteria and Measurement 
Item ID:  8498 
Depositing User:  Somdeb Lahiri 
Date Deposited:  28. Apr 2008 07:14 
Last Modified:  15. Mar 2013 18:41 
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URI:  http://mpra.ub.unimuenchen.de/id/eprint/8498 
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Envyfree solutions, Nonlinear equilibrium and Egalitarianequivalence for the Package Assignment Problem. (deposited 25. Apr 2008 14:48)
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