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| Tekijä: | Takekuma, S.-I. |
| Otsikko: | Pareto optimum allocations in the economy with clubs |
| Lehti: | Hitotsubashi Journal of Economics
1999 : JUN, VOL. 40:1, p. 29-40 |
| Asiasana: | ECONOMICS PARETO LAW ALLOCATION |
| Kieli: | eng |
| Tiivistelmä: | Some necessary conditions for the Pareto optimality of the allocations in an economy with clubs are derived. Also, in this paper, the price-supported allocations are defined and they are shown to be Pareto optimum. The usual definition of competitive equilibrium for economies only with private goods is extended for an economy with clubs, and it is proved that any allocation under the competitive equilibrium for the economy is Pareto optimum. |
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