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An iterative allocation mechanism in the edgeworth box

Anbarci, N.; Yi, G.


G. Yi


This paper considers an iterative allocation mechanism which resolves the problem of multiplicity of allocations given by a mechanism in commodity space. At each stage, the average of the extreme allocations is taken and used as the starting point of the next stage. As long as the mechanism is individually rational and Pareto optimal, this iterative procedure yields a unique final allocation which is also individually rational and Pareto optimal. (JEL C63, C71)


Anbarci, N., & Yi, G. (1998). An iterative allocation mechanism in the edgeworth box. International Advances in Economic Research, 4(3), 253-258.

Journal Article Type Article
Publication Date 1998-08
Deposit Date Aug 17, 2018
Journal International Advances in Economic Research
Print ISSN 1083-0898
Electronic ISSN 1573-966X
Publisher Springer
Peer Reviewed Peer Reviewed
Volume 4
Issue 3
Pages 253-258
Public URL