Implementation of Pareto efficient allocations

Tian, Guoqiang

doi:10.1016/j.jmateco.2008.07.011

Cited by 3 publications

(2 citation statements)

References 33 publications

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“…Many mechanisms and market-type mechanisms have been proposed to implement Pareto optimal allocations or social distributions, the Pareto efficient correspondence can be totally implemented by an incentive compatible mechanism such as an optimization. The Pareto optimization is literally mentioned in various types of academic researches, for instance, Tian (2009), Dold & Krieger (2017), Mendolicchio & Pietra (2018), Stuart et al, (2019, and Biró & Gudmundsson (2020).…”

Section: Feasible Allocation In Economicsmentioning

confidence: 99%

The Perspective of Balancing the Economic Growth of Healthcare Systems and Environmental Prevention

Saosaovaphak

Chaiboonsri

Wannapan

2021

International Journal of Asian Business and Information Management

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Based on real situations that mankind is confronting with the difficult era; insufficiency in food supplies, natural disasters, epidemic, etc. The paper is to econometrically compute portfolio optimization and predict efficiency frontiers for solving the most sensible scenario to suggest a sustainable policy in the three important pillars such as the growth of economic systems, environmental management, and public healthcare. The main observations are annual time-series information between 2000 and 2017 and collected from three countries in ASEAN. Singapore, Thailand, and Malaysia are the target. Methodologically, this research is to apply the quantum mechanism and the wave function for clarifying a real data distribution; true mean, and standard deviation of the data. These outcomes are the initial raw material for the modern portfolio optimization (for short-run policies) and efficient frontier computation (for long-term policies). Empirically, the results show some exclusive issues that can be the help for managing feasible budget allocations fairly and sustainably.

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Section: Feasible Allocation In Economicsmentioning

confidence: 99%

The Perspective of Balancing the Economic Growth of Healthcare Systems and Environmental Prevention

Saosaovaphak

Chaiboonsri

Wannapan

2021

International Journal of Asian Business and Information Management

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“…If the Nash equilibrium of the noncooperative system is not Pareto efficient, then there is still some room to increase the payoffs for some of the agents without decreasing any other agents' payoffs [28], [29]. Therefore, to establish Pareto efficiency of the overall system, making the Nash equilibrium Pareto efficient may be required from the perspective of the system manager [30], [31].…”

Section: Introductionmentioning

confidence: 99%

Pareto-Improving Incentive Mechanism for Noncooperative Dynamical Systems Under Sustainable Budget Constraint

Yan,

Hayakawa

2024

IEEE Trans. Automat. Contr.

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A Pareto-improving incentive mechanism to improve the weighted social welfare and achieve continual Pareto improvement for a pseudo-gradient-based noncooperative dynamical system is developed. In the proposed approach, the system manager remodels agents' dynamical decision making by collecting taxes from some agents and giving some of the collected taxes to other agents as subsidies with a sustainable budget constraint. Sufficient conditions are derived under which agents' state converges towards the socially maximum state associated with a weighted social welfare function depending on the priority ratio of the agents and the initial state. We present several illustrative numerical examples to illustrate the efficacy of our results and reveal the fact that the potentialization of the payoff structure has a very strong relation to generating Pareto-improving system trajectories.

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Implementation of marginal cost pricing equilibrium allocations with transfers in economies with increasing returns to scale

Tian

2009

Rev Econ Design

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This paper considers implementation of marginal cost pricing equilibrium allocations with transfers for production economies with increasing returns to scale. We present a mechanism whose Nash equilibrium allocations coincide with the set of marginal cost pricing equilibrium allocations with transfers that characterizes Pareto efficient allocations for economies with non-convex production technologies. We allow production sets and preferences to be unknown to the planner. The mechanism has some nice properties such as feasibility, continuity, and finite-dimension of message space. Furthermore, it works not only for three or more agents, but also for two-agent economies.

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Implementation of Pareto efficient allocations

Cited by 3 publications

References 33 publications

The Perspective of Balancing the Economic Growth of Healthcare Systems and Environmental Prevention

The Perspective of Balancing the Economic Growth of Healthcare Systems and Environmental Prevention

Pareto-Improving Incentive Mechanism for Noncooperative Dynamical Systems Under Sustainable Budget Constraint

Implementation of marginal cost pricing equilibrium allocations with transfers in economies with increasing returns to scale

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