Showing 1 - 10 of 26
This paper studies allocation correspondences in the house allocation problems with collective initial endowments. We … examine the implications of two axioms, namely “consistency” and “unanimity.” Consistency requires the allocation … correspondence be invariant under reductions of population. Unanimity requires the allocation correspondence respect unanimity, that …
Persistent link: https://www.econbiz.de/10003321209
firms, or imagine that a government distributes equally divided lands to households. We show that the Vickrey allocation … rule is the unique allocation rule satisfying strategy-proofness, anonymity and individual rationality. -- strategy …-proofness ; anonymity ; indivisible good ; Vickrey allocation rule …
Persistent link: https://www.econbiz.de/10003321348
allocation …
Persistent link: https://www.econbiz.de/10003819958
This paper considers the object allocation problem introduced by Shapley and Scarf (1974). We study secure …
Persistent link: https://www.econbiz.de/10003819988
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 fairly reallocating the individual endowments of a perfectly divisible good among agents with single-peaked preferences. We provide a new concept of fairness, called position-wise envy-freeness, that is compatible with individual rationality. This new concept requires...
Persistent link: https://www.econbiz.de/10011317289
We analyze bankruptcy problems with an indivisible object, where real owners and outside traders want to allocate an indivisible object among them with monetary compensation. The object might be a company that has gone bankrupt or a house left by a parent who has died, and so on. We show that...
Persistent link: https://www.econbiz.de/10011434024
We study strategy-proof probabilistic mechanisms in a binary public decision model when monetary transfers are allowed. We consider not only the pivotal mechanism, the majority voting mechanism, the random serial dictatorship mechanism, and the unanimity mechanism, but also the random chair...
Persistent link: https://www.econbiz.de/10011443224
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 … introducing randomization to object allocation problems is almost inevitable for achieving impartiality. …
Persistent link: https://www.econbiz.de/10010487558