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formed if members of the coalition are connected on a communication network, or a graph. We offer a characterization of non … characterization results established with the assumption of complete network (complete graph) in various specialized settings. Moreover …-manipulable division rules without any assumption on the structure of communication network. As corollaries, we obtain a number of earlier …
Persistent link: https://www.econbiz.de/10005130230
This paper studies the problem of allocating divisible resources among agents based on their characteristics. A simple example is the bankruptcy problem, which allocates the liquidation value of a bankrupted firm to creditors based on their claims. By allowing agents' characteristics to be...
Persistent link: https://www.econbiz.de/10005057403
This paper explores the manner in which the structure of a social network constrains the level of inequality that can … be sustained among its members. We assume that any distribution of value across the network must be stable with respect … network. We show that if the network is bipartite, there is a unique stable payoff distribution that is maximally unequal in …
Persistent link: https://www.econbiz.de/10012723139
This paper examines network formation among a connected population with a preference for conformity and leadership …. Agents build stable personal relationships to achieve coordinated actions. The network serves as a repository of collective … reveals how behavioral tendencies impact network formation and identifies locally stable disequilibrium structures …
Persistent link: https://www.econbiz.de/10014035047
We experimentally study how redistribution choices are affected by positive and negative information regarding the behaviour of a previous participant in a dictator game with a taking option. We use the strategy method to identify behavioural ‘types', and thus distinguish ‘conformists' from...
Persistent link: https://www.econbiz.de/10012865728
A cake is a metaphor for a heterogeneous, divisible good, such as land. A perfect division of cake is efficient (also called Pareto-optimal), envy-free, and equitable. We give an example of a cake in which it is impossible to divide it among three players such that these three properties are...
Persistent link: https://www.econbiz.de/10009325605
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I will introduce a new expression for the balanced-budget constraint, no longer based on lump- sum transfers as in the traditional literature, but rather on more realistic labour...
Persistent link: https://www.econbiz.de/10005835397
A common real-life problem is to fairly allocate a number of indivisible objects and a fixed amount of money among a group of agents. Fairness requires that each agent weakly prefers his consumption bundle to any other agent's bundle. In this context, fairness is incompatible with budget-balance...
Persistent link: https://www.econbiz.de/10011599527
Mediation is a dispute resolution process whereby agents reach a mutually acceptable agreement among different proposals that satisfy a set of principles. This paper provides a natural way of coming to such agreements in claims problems. In our approach, mediation combines (i) a set of fair...
Persistent link: https://www.econbiz.de/10011650291
A fair division problem with indivisible objects, e.g. jobs, and one divisible good (money) is considered. The individuals consume one object and money. The class of strategy-proof and fair allocation rules is characterized. The allocation rules in the class are like a Vickrey auction bossy and...
Persistent link: https://www.econbiz.de/10013208452