New Theory Shows How to Ensure Fairness in Goods Allocation
The article discusses how goods can be exchanged among individuals to make some better off without making anyone worse off. Using Brouwer's fixed-point theorem, it shows that an equilibrium solution exists in a pure exchange model. This model focuses on the exchange of goods between consumers. The study also looks at general equilibrium in an open Leontief model, where all consumers maximize their utilities by consuming some of every commodity at positive prices.