Convergent Non-Tatonnement Resource Allocation Processes for Non-Classical Environments
1976-02
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Convergent Non-Tatonnement Resource Allocation Processes for Non-Classical Environments
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1976-02
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Center for Economic Research, Department of Economics, University of Minnesota
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Working Paper
Abstract
Two classes of decentralized non-tatonnement resource allocation processes,
one for non-decomposable environments and the other for decomposable environments,
are presented which are non-wasteful and unbiased and have certain stability
properties. Non-convexities and indivisibilities are admitted, though the purely
indivisible case is ruled out. The essential environmental requirements are
local non-satiation of preference relations and continuity of preference
relations and technology.
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Previously Published Citation
Osana, H., (1976), "Convergent Non-Tatonnement Resource Allocation Processes for Non-Classical Environments", Discussion Paper No. 64, Center for Economic Research, Department of Economics, University of Minnesota.
Suggested citation
Osana, Hiroaki. (1976). Convergent Non-Tatonnement Resource Allocation Processes for Non-Classical Environments. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/54817.
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