Mutually altruistic trends in resources allocation

Research output: Contribution to journalArticle

1 Scopus citations

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 languageEnglish (US)
Pages (from-to)653-672
Number of pages20
JournalPhysica A: Statistical Mechanics and its Applications
Volume347
DOIs
StatePublished - Jan 1 2005
Externally publishedYes

Keywords

  • Altruism
  • Benevolence
  • Optimisation
  • Resources allocation
  • Utility functions

ASJC Scopus subject areas

  • Statistics and Probability
  • Condensed Matter Physics

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