Showing 1 - 5 of 5
We consider the problem of assigning agents to slots on a line, where only one agent can be served at a slot and each agent prefers to be served as close as possible to his target. Our focus is on aggregate gap minimizing methods, i.e., those that minimize the total gap between targets and...
Persistent link: https://www.econbiz.de/10011049736
This paper considers the problem of maximizing social welfare subject to participation constraints. It is shown that for an income allocation method that maximizes a social welfare function there is a monotonic relationship between the incomes allocated to individual agents in a given coalition...
Persistent link: https://www.econbiz.de/10008865829
We ask how to share the cost of finitely many public goods (items) among users with different needs: some smaller subsets of items are enough to serve the needs of each user, yet the cost of all items must be covered, even if this entails inefficiently paying for redundant items. Typical...
Persistent link: https://www.econbiz.de/10010931193
Resource egalitarianism and welfare egalitarianism are two focal conceptions of distributive justice. We show in this paper that they share a solid common ground. To do so, we analyze a simple model of resource allocation in which agentsʼ abilities (to transform the resource into an...
Persistent link: https://www.econbiz.de/10011049706
We explore in this paper the axiomatic approach to the problem of sharing the revenue from museum passes. We formalize two models for this problem on the grounds of two different informational bases. In both models, we provide axiomatic rationale for natural rules to solve the problem. We,...
Persistent link: https://www.econbiz.de/10011190613