Strongly Fair Allocations in Economies with Production
Research & Publications
Strongly Fair Allocations in Economies with Production
01/11/1992
Strongly Fair Allocations in Economies with Production
Lahiri Somdeb
Working Papers
In this paper we show that essentially the only mechanism which is strongly fair in an economy with production is the equal income marginal cost pricing (EIMCP) mechanism. A variant of the analysis would prove that the only mechanism which guarantees strongly fair net trades is the marginal cost pricing (MCP) mechanism.