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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