Cooperative production: A comparison of welfare bounds

Marc Fleurbaey, François Maniquet

Research output: Contribution to journalArticle

13 Scopus citations

Abstract

In the production model with a one-input - one-output technology, we study welfare lower bounds that give a guarantee of welfare to each agent independent of the others' preferences. We obtain characterizations of egalitarian-equivalent allocation rules on the basis of two weak lower bounds, in striking contrast with Moulin's characterization of the equal budget Walrasian solution on a slightly smaller domain with a more demanding lower bound. Journal of Economic Literature Classification Numbers: C71, D63.

Original languageEnglish (US)
Pages (from-to)200-208
Number of pages9
JournalGames and Economic Behavior
Volume17
Issue number2
DOIs
StatePublished - Dec 1996
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Cooperative production: A comparison of welfare bounds'. Together they form a unique fingerprint.

  • Cite this