A Characterization of the Randomized Uniform Rule

We consider the problem of allocating several units of an indivisible object among the agents with single-peaked and risk-averse utility functions. We introduce equal probability for the best, and show that the randomized uniform rule is the only randomized rule satisfying strategy-proofness, Pareto optimality, and equal probability for the best. This is an alternative characterization of the result of Ehlers and Klaus (2004).

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Year of publication:	2005-07
Authors:	Kureishi, Wataru ; Mizukami, Hideki
Institutions:	Graduate School of Economics, Osaka University
Subject:	The Randomized Uniform Rule \| Single-Peaked Utility Functions \| Equal Probability for the Best \| Strategy-Proofness \| Indivisibility

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Extent:	application/pdf
Series:	Discussion Papers in Economics and Business.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 05-20 18 pages
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D71 - Social Choice; Clubs; Committees; Associations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005773279