Econometrica: Nov 1984, Volume 52, Issue 6

Non-Symmetric Cardinal Value Allocations

https://doi.org/0012-9682(198411)52:6<1365:NCVA>2.0.CO;2-I
p. 1365-1368

Allen J. Scafuri, Nicholas C. Yannelis

It is shown that cardinal value allocations may fail to be symmetric. Specifically, agents with identical preferences and identical endowments can be treated very differently at a cardinal value allocation. This casts further doubt on the interpretation of the weights as "endogenous utility comparisons."

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