Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Nov, 1984, Volume 52, Issue 6

Non-Symmetric Cardinal Value Allocations<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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