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We analyze centralized housing markets under the existence of feasibility constraints on the number of agents and objects involved in the exchanges. We focus on an incomplete information setting where only the information about how each agent ranks her endowment is private. We show that under...
Persistent link: https://www.econbiz.de/10010998901
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We study the problem of a society choosing a subset of new members from a finite set of candidates (as in Barberà et al. 1991). However, we explicitly consider the possibility that initial members of the society (founders) may want to leave it if they do not like the resulting new society. We...
Persistent link: https://www.econbiz.de/10005752921
The division problem consists of allocating an amount M of a perfectly divisible good among a group of n agents. Sprumont (1991) showed that if agents have single-peaked preferences over their shares, the uniform rule is the unique strategy-proof, efficient, and anonymous rule. Ching and...
Persistent link: https://www.econbiz.de/10005596500