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Strategy-proof and nonbossy allocation of indivisible goods and money
Svensson, Lars-Gunnar; Larsson, Bo - In: Economic Theory 20 (2002) 3, pp. 483-502
Which strategy-proof nonbossy mechanisms exist in a model with a finite number of indivisible goods (houses, jobs, positions) and a perfectly divisible good (money)? The main finding is that only a finite number of distributions of the divisible good is consistent with strategy-proofness and...
Persistent link: https://www.econbiz.de/10005371155
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Efficient strategy-proof allocation functions in linear production economies
Maniquet, François; Sprumont, Yves - In: Economic Theory 14 (1999) 3, pp. 583-595
In a linear production model, we characterize the class of efficient and strategy-proof allocation functions, and the class of efficient and coalition strategy-proof allocation functions. In the former class, requiring equal treatment of equals allows us to identify a unique allocation function....
Persistent link: https://www.econbiz.de/10005370920
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On the constancy of bribe-proof solutions
Mizukami, Hideki - In: Economic Theory 22 (2003) 1, pp. 211-217
We consider the problem of choosing one point in a set of alternatives when monetary transfers are possible. In this context, Schummer (2000) shows that a social choice function must be a constant function if manipulation through bribes is ruled out. But he requires two kinds of domain-richness...
Persistent link: https://www.econbiz.de/10005753351
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Equilibrium binding agreements under diverse behavioral assumptions
Diamantoudi, Effrosyni - In: Economic Theory 22 (2003) 2, pp. 431-446
This paper extends the work of Ray and Vohra [3]. It ascertains which partitions of players will emerge and what actions will these players choose under each partition, when they can sign binding agreements and their actions have externalities. The emphasis, however, is placed on situations with...
Persistent link: https://www.econbiz.de/10005753448
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The welfare effects of pre-arrangements in matching markets
Afacan, Mustafa - In: Economic Theory 53 (2013) 1, pp. 139-151
:148–156, <CitationRef CitationID="CR25">1999</CitationRef>) under the intern-optimal and hospital-optimal stable mechanisms in matching …
Persistent link: https://www.econbiz.de/10010993590
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An analysis of the German university admissions system
Westkamp, Alexander - In: Economic Theory 53 (2013) 3, pp. 561-589
stability. Two simple assumptions guarantee existence of a student optimal procedurally stable matching mechanism that is …. Complete information equilibrium outcomes are shown to be characterized by a stability condition that is adapted to the … institutional constraints of the German system. I introduce matching problems with complex constraints and the notion of procedural …
Persistent link: https://www.econbiz.de/10010681310
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Random matching in the college admissions problem
Pais, Joana - In: Economic Theory 35 (2008) 1, pp. 99-116
Persistent link: https://www.econbiz.de/10005753402
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Implementations of the Nash solution based on its Walrasian characterization
Trockel, Walter - In: Economic Theory 16 (2000) 2, pp. 277-294
The present paper provides three different support results for the Nash bargaining solution of $n$-person bargaining games. First, for any bargaining game there is defined a non-cooperative game in strategic form, whose unique Nash equilibrium induces a payoff vector that coincides with the Nash...
Persistent link: https://www.econbiz.de/10005596761
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Claims problems and weighted generalizations of the Talmud rule
Hokari, Toru; Thomson, William - In: Economic Theory 21 (2003) 2, pp. 241-261
We investigate the existence of consistent rules for the resolution of conflicting claims that generalize the Talmud rule but do not necessarily satisfy equal treatment of equal. The first approach we follow starts from the description of the Talmud rule in the two-claimant case as...
Persistent link: https://www.econbiz.de/10005178700
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The relative interior of the base polyhedron and the core
Zhao, Jingang - In: Economic Theory 18 (2001) 3, pp. 635-648
This note provides two necessary and sufficient conditions for the relative interior of the core (and the base polyhedron) to be non-empty: (i) the second largest excess of the prenucleolus is negative; (ii) the grand coalition's payoff is greater than the minimum no-blocking payoff. Such...
Persistent link: https://www.econbiz.de/10005147364