• Title of article

    Efficiency and income redistribution in the single-peaked preferences model with several commodities

  • Author/Authors

    Pablo Amor?s، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1999
  • Pages
    9
  • From page
    341
  • To page
    349
  • Abstract
    We consider the problem of allocating m infinitely divisible commodities among agents with single-peaked preferences. We propose a variation on the Mas–Colell’s Walrasian solution with slacks to characterize the efficient allocations. Our solution allows us to associate with each efficient allocation an income redistribution. We prove that the original solution proposed by Mas–Colell is the efficient selection which requires an income redistribution where the maximum payoff and the maximum subsidy are smallest. This generalizes a derivation of the Uniform Rule by Schummer and Thomson.
  • Keywords
    Single-peaked preferences , Walrasian equilibrium with slacks
  • Journal title
    Economics Letters
  • Serial Year
    1999
  • Journal title
    Economics Letters
  • Record number

    434709