Study on the Existence of Equilibrium Point Giving Consideration to Fairness and Efficiency:The Proof of Groves-Clarke Mechanism and Dixit-Olson Model
Yang Yi-shan · Cai-jing yanjiu · 2009
The paper discusses the probability of giving consideration to fairness and efficiency simultaneously through Groves-Clarke mechanism and Dixit-Olson model.In the theoretical perspective,it is feasible to strike a balance between fairness and efficiency.But after introducing the real institutions and human nature into the analysis,it is difficult to strike the right balance between fairness and efficiency in the real world.How to balance fairness and efficiency is the important problem to consider during every period or in different areas.