A Unique Informationally Efficient Allocation Mechanism in Economies

@inproceedings{Tian2004AUI,
  title={A Unique Informationally Efficient Allocation Mechanism in Economies},
  author={Guoqiang Tian},
  year={2004}
}
This article investigates the informational requirements of resource allocation processes in pure exchange economies with consumption externalities. It is shown that the distributive Lindahl mechanism has a minimal informational size of the message space, and thus it is informationally the most efficient allocation process that is informationally… CONTINUE READING