Article ID Journal Published Year Pages File Type
9727982 Physica A: Statistical Mechanics and its Applications 2005 20 Pages PDF
Abstract
Solutions to a series of apparent paradoxes arising in problems dealing with resources allocation under mutually altruistic conditions are presented. In particular, Bergstrom's lovers' dilemma (J. Econ. Perspect. 3 (1989) 165) is dealt with as an explicit example of such apparent paradoxes. Bergstrom's discovery of a transition point in utility functions that express altruistic relationships is shown to apply generally to any non-indifferent relationship (and not necessarily altruistic) between consumers, and to general utility functions.
Related Topics
Physical Sciences and Engineering Mathematics Mathematical Physics
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