Mutually altruistic trends in resources allocation

Research output: Contribution to journalArticle

1 Citation (Scopus)

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 - 2005
Externally publishedYes

Fingerprint

resource allocation
paradoxes
Paradox
Utility Function
Resource Allocation
trends
Dilemma
transition points
Express
Series
Trends
Relationships

Keywords

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

ASJC Scopus subject areas

  • Mathematical Physics
  • Statistical and Nonlinear Physics

Cite this

Mutually altruistic trends in resources allocation. / Vadasz, Peter.

In: Physica A: Statistical Mechanics and its Applications, Vol. 347, 2005, p. 653-672.

Research output: Contribution to journalArticle

@article{ff39dd9ca883425380de052c808f52ef,
title = "Mutually altruistic trends in resources allocation",
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.",
keywords = "Altruism, Benevolence, Optimisation, Resources allocation, Utility functions",
author = "Peter Vadasz",
year = "2005",
doi = "10.1016/j.physa.2004.09.015",
language = "English (US)",
volume = "347",
pages = "653--672",
journal = "Physica A: Statistical Mechanics and its Applications",
issn = "0378-4371",
publisher = "Elsevier",

}

TY - JOUR

T1 - Mutually altruistic trends in resources allocation

AU - Vadasz, Peter

PY - 2005

Y1 - 2005

N2 - 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.

AB - 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.

KW - Altruism

KW - Benevolence

KW - Optimisation

KW - Resources allocation

KW - Utility functions

UR - http://www.scopus.com/inward/record.url?scp=10644249722&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=10644249722&partnerID=8YFLogxK

U2 - 10.1016/j.physa.2004.09.015

DO - 10.1016/j.physa.2004.09.015

M3 - Article

VL - 347

SP - 653

EP - 672

JO - Physica A: Statistical Mechanics and its Applications

JF - Physica A: Statistical Mechanics and its Applications

SN - 0378-4371

ER -