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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
allocation not generally is guaranteed due the the restrictions on the money transfers, the concept of fairness is weakened, and … a new concept of fairness is introduced. This concept is called weak fairness. We define an allocation rule that … strategy-proof allocation rule that implements a weakly fair allocation. …
Persistent link: https://www.econbiz.de/10005645206
individuals consume one object and money. The class of strategy-proof and fair allocation rules is characterized. The allocation …
Persistent link: https://www.econbiz.de/10005645228
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 consider competitive and budget-balanced allocation rules for problems where a number of indivisible objects and a … each agent's maximal gain from manipulation. Using this result we find the competitive and budget-balanced allocation rules …-linear, then we can find a competitive and budget-balanced allocation rule such that for any problem, the maximal utility gain from …
Persistent link: https://www.econbiz.de/10010616511
We consider envy-free and budget-balanced allocation rules for problems where a number of indivisible objects and a … each agent's maximal gain from manipulation. Using this result we find the envy-free and budget-balanced allocation rules …-linear, then we can find an envy-free and budget-balanced allocation rule such that for any problem, the maximal utility gain from …
Persistent link: https://www.econbiz.de/10010818647
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
profile the number of agents who can manipulate the rule. Second, we show that maximally linked fair allocation rules are the … minimally (individually and coalitionally) manipulable fair and budget-balanced allocation rules according to our new concept …
Persistent link: https://www.econbiz.de/10008776032
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
We consider envy-free (and budget-balanced) rules that are least manipulable with respect to agents counting or with respect to utility gains. Recently it has been shown that for any profile of quasi-linear preferences, the outcome of any such least manipulable envy-free rule can be obtained via...
Persistent link: https://www.econbiz.de/10011186244