Decentralized trade, random utility and the evolution of social welfare.

Michihiro Kandori Roberto Serrano Oscar Volij

Published in: J. Econ. Theory (2008)

Keyphrases

social welfare
utility function
resource allocation
optimal allocation
pareto optimal
cooperative
decision makers
mechanism design
decision problems
expected utility
sealed bid
multi agent
decision making
multi objective
probability distribution
cooperative games