SINGLE-PRODUCT MODEL OF ECONOMIC EQUILIBRIUM WITH PHILANTHROPY
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SINGLE-PRODUCT MODEL OF ECONOMIC EQUILIBRIUM WITH PHILANTHROPY
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
Yuriy Gavrilets 
Arseniy Steblyuk
Pages
30-39
Abstract

The authors propose the simplest one-commodity model of economic equilibrium to the Pareto optimal condition supplemented by philanthropic behavior of the one group of households. Considered the case of fixed rules donations and donations following a certain utility function. Defined conditions of Pareto-optimality of the new state of market equilibrium and its stability.

Keywords
philanthropy, Pareto-optimum, equilibrium, stability
Date of publication
01.04.2012
Number of purchasers
0
Views
85
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