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Consider the problem of allocating objects to agents and how much they should pay. Each agent has a preference relation over pairs of a set of objects and a payment. Preferences are not necessarily quasi-linear. Non-quasi-linear preferences describe environments where payments influence agents'...
Persistent link: https://www.econbiz.de/10011307936
Persistent link: https://www.econbiz.de/10011313343
We consider the problem of fairly reallocating the individual endowments of a perfectly divisible good among agents with single-peaked preferences. We provide a new concept of fairness, called position-wise envy-freeness, that is compatible with individual rationality. This new concept requires...
Persistent link: https://www.econbiz.de/10011317289
We analyze bankruptcy problems with an indivisible object, where real owners and outside traders want to allocate an indivisible object among them with monetary compensation. The object might be a company that has gone bankrupt or a house left by a parent who has died, and so on. We show that...
Persistent link: https://www.econbiz.de/10011434024
We study strategy-proof probabilistic mechanisms in a binary public decision model when monetary transfers are allowed. We consider not only the pivotal mechanism, the majority voting mechanism, the random serial dictatorship mechanism, and the unanimity mechanism, but also the random chair...
Persistent link: https://www.econbiz.de/10011443224
We consider the problem of probabilistically allocating a single indivisible good among agents when monetary transfers are allowed. We construct a new strategy-proof rule, called the second price trading rule, and show that it is second best efficient. Furthermore, we give the second price...
Persistent link: https://www.econbiz.de/10010504686
We consider the allocation problem of assigning heterogenous objects to a group of agents and determining how much they should pay. Each agent receives at most one object. Agents have non-quasi-linear preferences over bundles, each consisting of an object and a payment. Especially, we focus on...
Persistent link: https://www.econbiz.de/10011477603
This paper generalizes the results in Aswal et al. (2003) on dictatorial domains. This is done in two ways. In the first, the notion of connections between pairs of alternatives in Aswal et al. (2003) is weakened to weak connectedness. This notion requires the specification of four preference...
Persistent link: https://www.econbiz.de/10010343502
In this paper we consider the exogenous indifference classes model of Barberá and Ehlers (2011) and Sato (2009) and analyze further the relationship between the structure of indifference classes across agents and dictatorship results. The key to our approach is the pairwise partition graph. We...
Persistent link: https://www.econbiz.de/10010343503
We study the simple model of assigning indivisible and heterogenous objects (e.g., houses, jobs, offices, etc.) to agents. Each agent receives at most one object and monetary compensations are not possible. For this model, known as the house allocation model, we characterize the class of rules...
Persistent link: https://www.econbiz.de/10010222190