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- W2168848395 abstract "This paper shows that any equilibrium allocation in the cake-eating problem with quasi-geometric discounting is not Pareto efficient. However, efficiency can be established by introducing a planner who controls the initial endowment and makes transfers over time. It is shown than any Pareto efficient allocation can be supported by a perfect equilibrium with transfers." @default.
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- W2168848395 date "2007-11-14" @default.
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- W2168848395 title "Efficiency in the cake-eating problem with quasi-geometric discounting" @default.
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