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In practice we often face the problem of assigning indivisible objects (e.g., schools, housing, jobs, offices) to agents (e.g., students, homeless, workers, professors) when monetary compensations are not possible. We show that a rule that satisfies consistency, strategy-proofness, and...
Persistent link: https://www.econbiz.de/10005304908
In spatial environments we consider social welfare functions satisfying Arrow''s requirements, i.e. weak Pareto and independence of irrelevant alternatives. Individual preferences measure distances between alternatives according to the Lp-norm (for a fixed p 1). When the policy space is...
Persistent link: https://www.econbiz.de/10005209927
In one-dimensional environments with single-peaked preferences we consider social welfare functions satisfying Arrow''s requirements, i.e. weak Pareto and independence of irrelevant alternatives. When the policy space is a one-dimensional continuum such a welfare function is determined by a...
Persistent link: https://www.econbiz.de/10005219978
In spatial environments we consider social welfare functions satisfying Arrow''s requirements, i.e. weak Pareto and independence of irrelevant alternatives. When the policy space is a one-dimensional continuum such a welfare function is determined by a collection of 2 N strictly quasiconcave...
Persistent link: https://www.econbiz.de/10005670227