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This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
We consider the allocation of a finite number of indivisible objects to the same number of agents according to an exogenously given queue. We assume that the agents collaborate in order to achieve an efficient outcome for society. We allow for side-payments and provide a method for obtaining...
Persistent link: https://www.econbiz.de/10008493097
A contract auction establishes a contract between a center and one of the bidders. As contracts may describe many terms, preferences over contracts typically display indifferences. The Qualitative Vickrey Auction (QVA) selects the best contract for the winner that is at least as good for the...
Persistent link: https://www.econbiz.de/10010785192
A collective decision problem is described by a set of agents, a profile of single-peaked preferences over the real line and a number of public facilities to be located. We consider public facilities that do not suffer from congestion and are non-excludable. We characterize the class of rules...
Persistent link: https://www.econbiz.de/10011049862
We study the general problem of public choice. We consider environments where agents’ identities may not be observable. A “rule” associates a preference profile with an alternative. An agent may create fictitious identities and submit multiple preference relations under them. We study...
Persistent link: https://www.econbiz.de/10011041704
Persistent link: https://www.econbiz.de/10005370944
In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...
Persistent link: https://www.econbiz.de/10010950707
We study the problem of assigning a set of objects to a set of agents, when each agent receives one object and has strict preferences over the objects. In the absence of monetary transfers, we focus on the probabilistic rules, which take the ordinal preferences as input. We characterize the...
Persistent link: https://www.econbiz.de/10010594323
Many real matching markets are subject to distributional constraints. These constraints often take the form of restrictions on the numbers of agents on one side of the market matched to certain subsets on the other side. Real-life examples include restrictions on regions in medical matching,...
Persistent link: https://www.econbiz.de/10011107217
We show that every strategy-proof random social choice function is a convex combination of strategy-proof deterministic social choice functions in a two-alternative voting model. This completely characterizes all strategy-proof random social choice functions in this setting.
Persistent link: https://www.econbiz.de/10010576460