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| Author: | Fleurbaey, M. Maniquet, F. |
| Title: | Cooperative production: a comparison of welfare bounds |
| Journal: | Games and Economic Behavior
1996 : DEC, VOL. 17:2, p. 200-208 |
| Index terms: | ECONOMICS GAMES WELFARE |
| Language: | eng |
| Abstract: | In the production model with a one-input-one-output technology, the authors study welfare lower bounds that give a guarantee of welfare to each agent independent of the others' preferences. The authors obtain characterizations of egalitarian-equivalent allocation rules on the basis of two week 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. |
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