Pareto allocation bx

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Pareto allocation bx

For any Pareto allocation bx, can we always nd weights 1; :::; n for

which bx

maximizes the social welfare function max

(xi

k)2Rnl

+

W(x) =

Pn

i=1 iui(xi) ? The answer is no;

the following exercise asks you to construct a counterexample.

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