Local envy-freeness and equal-income Walrasian allocations

C-Tier
Journal: Economics Letters
Year: 2010
Volume: 107
Issue: 2
Pages: 239-241

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper introduces a local version of envy-freeness and investigates its implications in a continuum agent economy with connected preferences. We show that the set of locally envy-free and Pareto efficient allocations coincides with the set of equal-income Walrasian allocations.

Technical Details

RePEc Handle
repec:eee:ecolet:v:107:y:2010:i:2:p:239-241
Journal Field
General
Author Count
1
Added to Database
2026-01-25