Abstract
Solutions to a series of apparent paradoxes arising in problems dealing with resources allocation under mutually altruistic conditions are presented. In particular, Bergstrom's lovers' dilemma (J. Econ. Perspect. 3 (1989) 165) is dealt with as an explicit example of such apparent paradoxes. Bergstrom's discovery of a transition point in utility functions that express altruistic relationships is shown to apply generally to any non-indifferent relationship (and not necessarily altruistic) between consumers, and to general utility functions.
Original language | English (US) |
---|---|
Pages (from-to) | 653-672 |
Number of pages | 20 |
Journal | Physica A: Statistical Mechanics and its Applications |
Volume | 347 |
DOIs | |
State | Published - 2005 |
Keywords
- Altruism
- Benevolence
- Optimisation
- Resources allocation
- Utility functions
ASJC Scopus subject areas
- Statistics and Probability
- Condensed Matter Physics