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Enrico Guzzini
''Efficient Nash equilibria, individual rights and Pareto principle: an impossibility result''
( 2010, Vol. 30 No.1 )
This paper shows an impossibility result similar to the liberal paradox concerning two games, each of one with an efficient Nash equilibrium. We show that our result holds also in dictatorial games.
Keywords: Liberal paradox, efficient Nash equilibrium, Pareto principle, dictatorial games
JEL: D7 - Analysis of Collective Decision-Making: General
Manuscript Received : Sep 28 2009 Manuscript Accepted : Jan 11 2010

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