Regular distributive efficiency and the distributive liberal social contract.
Jean Mercier Ythier;
Subject: Walrasian equilibrium; Pareto-efficiency; liberal social contract; individual social preferences; allocation; distribution.
arxiv: Computer Science::Computer Science and Game Theory
We consider abstract social systems of private property, made of n individuals endowed with non-paternalistic interdependent preferences, who interact through exchanges on competitive markets and Pareto-efficient lumpsum transfers. The transfers follow from a distributi... View more