Browsing Rationality, markets, and morals: RMM by Author "Gauthier, David"
Now showing items 1-1 of 1
-
Achieving Pareto-Optimality: Invisible Hands, Social Contracts, and Rational Deliberation
Gauthier, David (2013)I begin with two simple, similar interactions. In one, maximizing agents will reach a Pareto-optimal equilibrium, in the other, they won't. The first shows the working of the Invisible Hand; the second, its limitations. ...