Showing 1 - 7 of 7
We consider the problem of efficiently sharing water from a river among a group of satiable agents. Since each agent's benefit function exhibits a satiation point, the environment can be described as a cooperative game with externalities. We show that the downstream incremental distribution is...
Persistent link: https://www.econbiz.de/10005409134
This paper revisits manipulation via capacities in centralized two-sided matching markets. Sönmez (1997) showed that no stable mechanism is non-manipulable via capacities. We show that non-manipulability via capacities can be equivalently described by two types of non-manipulation via...
Persistent link: https://www.econbiz.de/10008495009
Persistent link: https://www.econbiz.de/10005408712
Persistent link: https://www.econbiz.de/10005409271
Persistent link: https://www.econbiz.de/10005413603
Persistent link: https://www.econbiz.de/10005413633
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/10005413702