Short Version: A Simple Economics of InequalityYosuke YASUDA
The presentation slides for the following paper (very preliminary):
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2755893
Full version is available on the link below:
http://www.slideshare.net/YosukeYasuda1/equal-market-design
My research discovers a potential weakness or limitation of market economy, showing that perfectly competitive market tends to realize fewer trades than other allocation mechanisms do. In this sense, market economy achieves the greatest happiness of the MINIMUM number.
Short Version: A Simple Economics of InequalityYosuke YASUDA
The presentation slides for the following paper (very preliminary):
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2755893
Full version is available on the link below:
http://www.slideshare.net/YosukeYasuda1/equal-market-design
My research discovers a potential weakness or limitation of market economy, showing that perfectly competitive market tends to realize fewer trades than other allocation mechanisms do. In this sense, market economy achieves the greatest happiness of the MINIMUM number.