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We consider situations where a society allocates a finite units of an indivisible good among agents, and each agent receives at most one unit of the good. For example, imagine that a government allocates a fixed number of licences to private firms, or imagine that a government distributes...
Persistent link: https://www.econbiz.de/10003321348
We consider the problem of allocating infinitely divisible commodities among a group of agents. Especially, we focus on the case where there are several commodities to be allocated, and agents have continuous, strictly convex, and separable preferences. In this paper, we establish that the...
Persistent link: https://www.econbiz.de/10003929953
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 search for impartiality in the allocation of objects when monetary transfers are not possible. Our main focus is anonymity. The standard definition requires that if agents' names are permuted, their assignments should be permuted in the same way. Since no rule satisfies this definition in...
Persistent link: https://www.econbiz.de/10010487558
There are several locations, each of which is endowed with a resource that is specific to that location. Examples include coastal fisheries, oil fields, etc. Each agent will go to a single location and harvest some of the resource there. Several agents may go to each location. We assign...
Persistent link: https://www.econbiz.de/10011571805