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the rules satisfying efficiency, strategy-proofness, and individual rationality. Since the quasi-linear single … the only rule satisfying efficiency, strategy-proofness, and individual rationality. …
Persistent link: https://www.econbiz.de/10012544012
the rules satisfying efficiency, strategy-proofness, and individual rationality. Since the quasi-linear single … the only rule satisfying efficiency, strategy-proofness, and individual rationality. …
Persistent link: https://www.econbiz.de/10012488906
This study investigates efficient and strategy‐proof mechanisms for allocating indivisible goods under constraints. First, we examine a setting without endowments. In this setting, we introduce a class of constraints-ordered accessibility-for which the serial dictatorship (SD) mechanism is...
Persistent link: https://www.econbiz.de/10015415273
This paper studies the possibility of strategy-proof rules yielding satisfactory solutions to matching problems. Alcalde and Barberá (1994) show that effcient and individually rational matching rules are manipulable in the one-to-one matching model. We pursue the possibility of strategy-proof...
Persistent link: https://www.econbiz.de/10010332209
This paper studies the application of the notion of secure implementation (Cason, Saijo, Sjöström, and Yamato, 2006; Saijo, Sjöström, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal...
Persistent link: https://www.econbiz.de/10010332239
rule which satisfies Pareto-efficiency, strategy-proofness, individual rationality, and nonnegative payment uniquely exists …
Persistent link: https://www.econbiz.de/10010332345
strategy-proof rule with the following efficiency property: no strategy-proof rule Pareto-dominates the rule. Such rules are …
Persistent link: https://www.econbiz.de/10010333361
transfers are not allowed, and studies the tradeoff between fairness and efficiency in the class of strategy-proof mechanisms …. The main finding is that for strategy-proof mechanisms the following efficiency and fairness criteria are mutually … incompatible: (1) Ex-post efficiency and envy-freeness, (2) ordinal efficiency and weak envy-freeness and (3) ordinal efficiency …
Persistent link: https://www.econbiz.de/10010435707
". The efficiency loss due to fairness and strategy-proofness becomes measurable in monetary terms. Two interpretations of …
Persistent link: https://www.econbiz.de/10013208452
This paper considers a house allocation problem with no initial ownership and where prices are bounded from below and above by exogenously given price restrictions. This type of housing market contains, e.g., the "assignment market" and the "student placement problem" as special cases. A...
Persistent link: https://www.econbiz.de/10013208718