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We study the problem of dissolving an equal-entitlement partnership when the objective is to minimize maximum regret. We initially focus on the family of linear-pricing mechanisms and derive regret-optimizing strategies. We also demonstrate that there exist linear-pricing mechanisms satisfying...
Persistent link: https://www.econbiz.de/10005623247
This paper investigates an allocation rule that fairly assigns at most one indivisible object and a monetary …. A few properties of this allocation rule are stated and the main result demonstrates that the allocation rule is …
Persistent link: https://www.econbiz.de/10005419350
We consider upper and lower bounds for maxmin allocations of a completely divisible good in both competitive and cooperative strategic contexts. We then derive a subgradient algorithm to compute the exact value up to any fixed degree of precision.
Persistent link: https://www.econbiz.de/10009421244
We analyze and evaluate the di¤erent decision rules describing the Council of Ministers of the EU starting from 1958 up to now. Most of the existing studies use the Banzhaf index (for binary voting) or the Shapley-Shubik index (for distributive politics). We argue in favor of the nucleolus as a...
Persistent link: https://www.econbiz.de/10011004762
Conditions α and β are two well-known rationality conditions in the theory of rational choice. This paper examines the … problems and rationalizability of choice function in the theory of rational choice. …
Persistent link: https://www.econbiz.de/10011014394
Conditions α and β are two well-known rationality conditions in the theory of rational choice. This paper examines the … choice function in the theory of rational choice. …
Persistent link: https://www.econbiz.de/10009145635
degree of manipulability which can be used to compare the ease of manipulation in allocation mechanisms. Our measure counts … maximally linked fair allocation rules are the minimally manipulable rules among all budget-balanced and fair allocation …
Persistent link: https://www.econbiz.de/10008671538
In many real-life house allocation problems, rents are bounded from above by price ceilings imposed by a government or … specific features of housing markets with rent control. An allocation rule that always selects a rationing price equilibrium is …
Persistent link: https://www.econbiz.de/10010798193
We study a labor market with finitely many heterogeneous workers and firms to illustrate the decentralized (myopic) blocking dynamics in two-sided one-to-one matching markets with continuous side payments (assignment problems, Shapley and Shubik, 1971). A labor market is unstable if there is at...
Persistent link: https://www.econbiz.de/10010696483
In a dynamic model of assignment problems, small deviations suffice to move between stable outcomes. This result is used to obtain no-selection and almost-no-selection results under the stochastic stability concept for uniform and payoff-dependent errors. There is no-selection of partner or...
Persistent link: https://www.econbiz.de/10010855056