• DOI:10.1016/j.jet.2011.11.011
Corpus ID: 18087012

Pareto efficiency for the concave order and multivariate comonotonicity

@article{Carlier2012ParetoEF,
  title={Pareto efficiency for the concave order and multivariate comonotonicity},
  author={G. Carlier and R. Dana and A. Galichon},
  journal={J. Econ. Theory},
  year={2012},
  volume={147},
  pages={207-229}
}

G. Carlier, R. Dana, A. Galichon

Published 2012

Mathematics, Computer Science

J. Econ. Theory

This paper studies efficient risk-sharing rules for the concave dominance order. For a univariate risk, it follows from a comonotone dominance principle, due to Landsberger and Meilijson (1994) [27], that efficiency is characterized by a comonotonicity condition. The goal of the paper is to generalize the comonotone dominance principle as well as the equivalence between efficiency and comonotonicity to the multidimensional case. The multivariate case is more involved (in particular because… CONTINUE READING

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