Equity, envy and efficiency under asymmetric information

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 2
Pages: 265-267

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

Varian's (Varian, H., 1974. Equity, Envy and Efficiency. Journal of Economic Theory 9, 63-91) main results are not valid anymore if the agents are asymmetrically informed at the time of contracting: 1) envy-freeness and efficiency may be incompatible; 2) there may exist efficient allocation rules such that every agent envies another. Two weaker positive properties are formulated.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:2:p:265-267
Journal Field
General
Author Count
1
Added to Database
2026-01-25