haku: @indexterm Resource allocation / yhteensä: 426
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| Tekijä: | Tian, G. |
| Otsikko: | A unique informationally efficient allocation mechanism in economies with consumption externalities |
| Lehti: | International Economic Review
2004 : FEB, VOL. 45:1, p. 79-111 |
| Asiasana: | Consumption Externalities Information Resource allocation |
| Kieli: | eng |
| Tiivistelmä: | The informational requirements of resource allocation processes in pure exchange economies with consumption externalities are investigated in this paper. It is shown that the distributive Lindahl mechanism has a minimal informational size of the message space, and thus it is informationally the most efficient allocation process that is informationally decentralized and realizes Pareto-efficient allocations over the class of economies that include nonmalevolent economies. |
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