Showing 1 - 10 of 26
Studying one-input one-output economies, we say that an allocation is proportional if the input-output ratio is identical among agents and if each agent maximizes her welfare given this ratio. We propose three equity axioms based on this definition, and we use them to compare the main solutions...
Persistent link: https://www.econbiz.de/10005753065
Consider a problem of sharing a fixed amount of input (for example, pollution permits) among a group of agents who own technologies which transform an input good into an output good and who are interested in their shares of output only. A solution assigns each profile of technologies a pair of...
Persistent link: https://www.econbiz.de/10005753071
We consider private good economies with single-plateaued preferences. A solution selects for each preference profile a non-empty set of allocations. An agent strictly prefers a set of allocations to another set of allocations if and only if he strictly prefers any allocation in the first set to...
Persistent link: https://www.econbiz.de/10005596553
Sprumont (1991) has established that the only allocation rule for the division problem that is strategy-proof, efficient, and anonymous is the uniform rule when the domain is the set of all possible profiles of continuous single-peaked preferences. Sprumont's characterization of the uniform rule...
Persistent link: https://www.econbiz.de/10005147302
This paper studies implementation of taxation methods in one-commodity environments in which the incomes of the agents are unknown to the planner. Feasibility out of equilibrium imposes that the mechanism depend on the environment. We present two mechanisms. The first one, which requires...
Persistent link: https://www.econbiz.de/10005753067
We prove that multidimensional generalized median voter schemes are coalition-proof.
Persistent link: https://www.econbiz.de/10005753073
Both rematching proof and strong equilibrium outcomes are stable with respect to the true preferences in the marriage problem. We show that not all rematching proof or strong equilibrium outcomes are stable in the college admissions problem. But we show that both rematching proof and strong...
Persistent link: https://www.econbiz.de/10005753080
This paper examines how the first-best models of compensation based on the agents' talents and responsibilities analyzed in some recent contributions can be extended to a second-best context. A few social criteria are proposed and compared to alternative approaches by Roemer and Van de gaer.
Persistent link: https://www.econbiz.de/10005596541
This paper provides two theorems which characterize the domains of valuation functions for which there exist Pareto efficient and truth dominant strategy mechanisms (balanced Groves mechanisms). Theorem 1 characterizes the existence of balanced Groves mechanisms for a general class of valuation...
Persistent link: https://www.econbiz.de/10005596543
We prove the existence of a social choice function implementable via backward induction which always selects within the ultimate uncovered set. Whereas the uncovered set is the set of maximal elements of the covering relation, the ultimate uncovered set is the set obtained by iterative...
Persistent link: https://www.econbiz.de/10005596559