The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Strategic Reallocations of Endowments

  • Zvi Safra
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1806

Abstract

In the framework of pure exchange economies it might well happen that economic agents will find it advantageous to change their endowment holdings and by this increase their utility. Such an increase is achieved by acting competitively with the new endowments and comparing the new equilibrium allocation with the one that would have been achieved without the change.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Zvi Safra
    • 1
  1. 1.